Commercial banks differ from credit unions in the following way:
A) Credit unions focus on consumer loans while commercial banks primarily make loans to businesses
B) Credit unions make loans and accept deposits while commercial banks just make loans
C) Commercial banks cannot make auto loans to individuals, just to businesses while credit unions can do both
D) Credit unions do not have to hold reserves while commercial banks do
Correct Answer:
Verified
Q12: The total assets of commercial banks in
Q14: Considering the balance sheet for all commercial
Q15: Considering the balance sheet for all commercial
Q15: Which of the following correctly portrays a
Q16: Banks do not hold a lot of
Q18: Secondary reserves for banks are:
A)The same as
Q19: One thing that is common for all
Q20: Savings and loans primarily provide:
A)Large commercial loans
B)Unsecured
Q22: Checkable deposits have decreased since the 1970's
Q33: Which of the following statements regarding checkable
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