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denis23 [38]
3 years ago
5

Mutual savings institutions are owned by who?

Business
2 answers:
Keith_Richards [23]3 years ago
7 0

Answer: Members of the institution

Mutual savings institutions are owned by members of the institution.

Explanation:

Mutual savings institutions refer to a financial institution chartered by a central government that does not hold shares or capital stock. The members who operate as an association of depositors are the owner of the financial institution. The profits are distributed among members as higher rates on deposits and lower rates on borrowing.

ELEN [110]3 years ago
3 0
Members of the institution
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Enviro Company issues 8%, 10-year bonds with a par value of $230,000 and semiannual interest payments. On the issue date, the an
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Cash proceeds is  $201,250.00  

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4 years ago
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