1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
labwork [276]
3 years ago
15

How are credit unions similar to banks? A. They both seek to make a profit. B. They both give out loans. C. They're both owned b

y stockholders. D. They both allow anybody to be a customer.
2b2t
Business
1 answer:
faust18 [17]3 years ago
5 0

Answer:

B. They both give out loans.

Explanation:

Banks are for-profit institutions while credit unions are non-profit. So that means that the answer would not be A. A credit union and a bank give out loans. (A bank has lower interest rate than a credit union.)  That would mean that B would be an answer. You have to be qualified and have membership to go to a credit union. So C would not be a correct answer.

Hope this helps!!

Have a great day!

let be know if my answer is wrong and I will try to fix it!

You might be interested in
Brianna cruz earned $130 in simple intrest in 9 months at an annual interest rate of 8%. How much money did she invest?
stiks02 [169]

Answer:

She invested $2,167

Explanation:

As interest rate is not compounded, the 9-month interest of a 8% annual interest is simply:

8% * 9 / 12 = 6%

Let A be the amount of money she invest. After 9 month she will receive:

A * 0.06 dollars.

And the actual amount is $130. So she invested

A = $130 / 0.06 = $2,167

4 0
3 years ago
Financial markets make the process of borrowing large amounts of money easier because they simplify the negotiation process betw
Mekhanik [1.2K]

Answer:

Reducing risk

Explanation:

The two ways by which risk can be managed are;

✓ Risk avoidance

✓ risk reduction

risk reduction are activities needed to bring about lower likelihood of risk as well as severity of loss. We can reduce risk through reduction of allocation of our resources to risky situation. An example of reducing risk is in the instance of Financial markets that are making the process of borrowing large amounts of money easier because they simplify the negotiation process between borrowers and lenders.

3 0
2 years ago
Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ___
pickupchik [31]

The expectation of the Tatum Manufacturing firm from the Hong Kong government is to <u>ensure fair competition </u>with its competitors.

<h3>What is a manufacturing firm?</h3>

A manufacturing firm is a firm that engages in massive scale production of goods and commodities that uses physical labor and/or machinery to turn raw materials and parts, into finished goods or completed items.

The finished goods could be sold:

  • To other manufacturers for the fabrication of more sophisticated products,
  • To wholesalers that redistribute the goods to retail traders, or
  • To final consumers directly.

The role of the Hong Kong government to Tatum Manufacturing Firm in as much they comply with the government regulations and taxes is for the government to ensure that there is fair competition for Tatum Firm with its competitors.

Learn more about a manufacturing firm here:

brainly.com/question/24519299

4 0
2 years ago
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
3 years ago
If you have a $150,000 30-year 5% mortgage, how much of your first monthly payment of $805.50 would go toward principal?
Mama L [17]
The answer is $625.000 
5 0
3 years ago
Read 2 more answers
Other questions:
  • Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best.
    7·2 answers
  • John works as a quality analyst at a technological firm. He wanted to buy a mobile phone for his wife. Though he was abreast of
    14·1 answer
  • A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
    8·1 answer
  • Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210
    11·1 answer
  • in setting up a client agreement, you would request a down payment to cover a. the number of people to be served. b. legal fee c
    8·1 answer
  • On January 1, 2015, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,00
    5·1 answer
  • Betty, an accountant, agreed to prepare Tim's income tax returns by April 15th, when they were due. Tim then discovered he neede
    14·1 answer
  • 49. Lodge Inc. reported pretax book income of $5,000,000. During the year, the company increased its reserve for warranties by $
    14·1 answer
  • Ben and Miranda recently sold some land they owned for $150,000. They received the land and a check equal to the amount of the t
    15·1 answer
  • Scenario: Hannah has started a handmade candle business as a side hustle to help her to build an income, she currently has the t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!