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Levart [38]
3 years ago
15

How is a credit union different from a retail bank

Business
2 answers:
a_sh-v [17]3 years ago
7 0
Credit unions are not-for-profit financial cooperatives. Whose earnings are paid back to members in the form of higher saving rates and lower loan rates.Banks are for profit businesses with earning paid to stockholders only.
klemol [59]3 years ago
7 0

Answer:

Credit union: Nonprofit making institution

Retail bank: profit making institutions

Explanation:

Credit unions are mainly nonprofit making institutions that gives back earnings back to it's members in a form of saving rates.

Retail banks are financial making institutions that gives back its earnings back to customers with accumulated interests.

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Warren, Inc. purchased a $400,000 life insurance policy on the company president on January 1, 2017. The premium that was paid o
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A merchandiser:A merchandiser:
Papessa [141]

Answer:

A.Earns net income by buying and selling merchandise.

Explanation:

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6 0
3 years ago
Abe and Bea each have some money to invest in a CD (Certificate of Deposit). Abe has $5,000 and Bea has $20,000. Both are intere
hjlf

Answer:

Abe = $17.5

Bae = $57.5

Explanation:

Abe's principle = $5,000

Bea's principle = $ 20,000

Abe individual investment yield at 0.41% = (5010-5000) = $10

Bae's individual investment yield at ) 0.50%= (20000-20050) $50

Combined investment yield at 6 % = (25,075 - (20,000+5000) = $75

Extra interest yield = (75-(50+10) = $15

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Therefore , the $75 interest is shared as below

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