Question
1) Most of Americans savings are stored in banks. Why might a credit union be a better place for your savings? 2) What distinguishes Certificates
1) Most of Americans savings are stored in banks. Why might a credit union be a better place for your savings?
2) What distinguishes Certificates of Deposits (CD's) from the other types of savings accounts offered by banks (day to day savings and money market deposit accounts)? List at least one advantage and one disadvantage between the CD and the other savings accounts.
3) Taking into consideration the relatively low rates of return on these accounts and the fact that banks are private companies that can make bad loans and go broke, why do individuals feel so confident that their money is safe in a bank?
4) What differentiates Money Market Mutual Funds from Money Market Deposit Accounts?
Step by Step Solution
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1 A credit union may be a better place for savings compared to a traditional bank for several reasons Ownership Structure Credit unions are memberowned financial cooperatives meaning that members have ...
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
