A __________ is a "thrift institution."
A) credit union
B) commercial bank
C) consumer finance company
D) life insurance company

Question

Quizplus · Accepted Answer

A credit union is a type of financial institution that is classified as a thrift institution. Credit unions offer many of the same services as commercial banks, but they are member-owned and operate as non-profit organizations. Unlike commercial banks, credit unions are not-for-profit cooperatives that are owned by their members who have a say in how the organization is run.

A __________ Is a "Thrift Institution