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The main function of mortgage banks is to:
  • a)
    Provide insurance services
  • b)
    Issue currency and control monetary policy
  • c)
    Facilitate the buying and selling of securities
  • d)
    Provide long-term loans for purchasing real estate
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The main function of mortgage banks is to:a)Provide insurance services...
Mortgage banks provide long-term loans for purchasing real estate, particularly for home buyers.
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The main function of mortgage banks is to:a)Provide insurance servicesb)Issue currency and control monetary policyc)Facilitate the buying and selling of securitiesd)Provide long-term loans for purchasing real estateCorrect answer is option 'D'. Can you explain this answer?
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