Credit unions represent nonprofit, member-owned financial cooperatives that offer the full variety of banking services to their members.
Correct Answer:
Verified
Q96: Commercial banks operate as nonprofit institutions.
Q97: Commercial banks attempt to profit by using
Q98: Typically, banks impose a service charge for
Q99: Depositors represent a bank's primary responsibility, while
Q100: The Federal Reserve, which was established in
Q102: Credit unions are for-profit cooperatives.
Q103: Large pension funds represent a powerful force
Q104: A major cause of the recent banking
Q105: Savings and loan associations, also known as
Q106: A growing trend today is mobile banking.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents