_____ are notforprofit organizations owned by their depositors, which strive to pay higher interest rates on member deposits and charge lower interest rates on loans.

Question

_____ are not­for­profit organizations owned by their depositors, which strive to pay higher interest rates on member deposits and charge lower interest rates on loans.

Quizplus · Accepted Answer

Credit unions are specifically mentioned in the description as the type of organization being referred to. Savings and loan associations and commercial banks may also offer similar services, but they are not explicitly stated in the description. Institutional investors are not relevant to the description.

_____ Are Not­for­profit Organizations Owned by Their Depositors, Which Strive

_____ Are Notforprofit Organizations Owned by Their Depositors, Which Strive