Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22. A key difference between commercial banks and credit unions is that: A. Commercial banks are 'for-profit and credit unions are not-for-profit B. Commercial banks

image text in transcribed

22. A key difference between commercial banks and credit unions is that: A. Commercial banks are 'for-profit and credit unions are not-for-profit B. Commercial banks typically pay higher interest rates than credit unions. C. Credit unions are more commonly located in rural areas while commercial banks are more commonly located in urban areas. D. Commercial banks offer more services, such as debit cards and online banking, than credit unions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Gold And Debt

Authors: William Lyman Fawcett

1st Edition

1144211727, 978-1144211729

Students also viewed these Finance questions

Question

Describe Israel's immigration experience.

Answered: 1 week ago

Question

7. Identify six intercultural communication dialectics.

Answered: 1 week ago