2-54 A significant disadvantage for credit unions in competing with commercial banks is the severe restriction in the variety of products and services that they can offer.

Question

Quizplus · Accepted Answer

This statement is false. Credit unions are able to offer a wide variety of products and services to their members, including savings accounts, checking accounts, lending services, investment services, and more. While they may not have the same resources as commercial banks to develop and market new products, credit unions are still able to offer many of the same products as banks.

2-54 a Significant Disadvantage for Credit Unions in Competing with Commercial