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lutik1710 [3]
3 years ago
5

How do both Banks and Credit Unions work for the benefit of individuals​

Social Studies
1 answer:
Marysya12 [62]3 years ago
5 0

Both banks and credit unions lend money to the customers.

Explanation:

Traditional banks run for the benefit of earning profits. They are licenced financial institutions which receives and offers loans by charging interest on the loans.

Credit unions are non profit organisations that are created solely to provide loans by accepting sureties and mortgages are also allowed in credit unions. FDIC is also a credit union which provides financial security to its customers. Credit unions are owned by members of the organisation and not shareholders like banks. They offer medium rate of interest than the banks because banks run on profit making but credit unions are non profit missions.

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Oksanka [162]

The options available are:

A. Import oriented economy

B. Lack of infrastructure

C. Problems with immigration

D. Civil wars

Answer:

B.  Lack of infrastructure

D.  Civil wars

Explanation:

Lack of infrastructure in Africa is one of the major problem that prevents Africa from being able to fully utilize its resources, this because there is not massive and robust factory infrastructures that can process many of its natural resources into refined and final resources. For example, in terms of crude oil and natural gas, there is no substantial refinery in Africa to process it to final products.

Civil wars is also one of the bane that is preventing the Africa from harnessing its resources, as civil wars leads to vandalization of the little infrastructures that is present there, it also affects the government policies, destroys human lives or resources, and scare away both local and foreign investors.

Immigration problems has nothing to do with the utilization of resources, as many Nldeveloped Nations faced the same problems, such as USA with the influx of Mexicans trooping into the country for greener pastures.

It is not import oriented economy either, because, import oriented economy is also one of the byproducts of lack of infrastructure.

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2 years ago
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Answer:

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How did Stalin rule after he rose to power?
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Joseph Stalin came to rule after the death of lenins Death in 1924,He rose to become the leader of the Soviet Union.
4 0
3 years ago
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What are activities done during a protest?​
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Answer:

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