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
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.

You might be interested in
Can i put regular gas in my infiniti g35
Kitty [74]
You have to put premium or it will cause engine damage
7 0
3 years ago
Genes that belong to the same linkage group tend to be
Neporo4naja [7]
Of the same contextual "Birth" it came from the same place or gene inheritance.


3 0
3 years ago
What is a prophet, and what kind of writings are found in the collection of books called the Prophets?
tatuchka [14]

Answer:

The Twelve, also called The Twelve Prophets, orThe Minor Prophets, book of the Hebrew Bible that contains the books of 12 minor prophets: Hosea, Joel, Amos, Obadiah, Jonah, Micah, Nahum, Habakkuk, Zephaniah, Haggai, Zechariah, and Malachi.

Explanation:

4 0
2 years ago
Read 2 more answers
_____ refers to the process by which the human brain assembles the sensory evidence into something recognizable.
Brilliant_brown [7]

Cognitive organization, refers to the process by which the human brain assembles the sensory evidence into something recognizable.

6 0
3 years ago
For what reason might the U.S. Government have forced the cherokee to give up their land and move west? Do you think this change
Ket [755]
Yes so they wouldn’t have to spend anymore money
5 0
3 years ago
Other questions:
  • When I heard that a boy was moving into the neighborhood, I started asking questions immediately. The new family, I was told, ha
    14·1 answer
  • For which of the following do credit card companies usually not charge a fee?
    12·1 answer
  • Children who are hard of hearing
    8·2 answers
  • - Culture
    6·2 answers
  • At which boundary may a mountain chain of sedimentary rock form?
    15·1 answer
  • Population Education is form, com chment.of quality of<br>leje. Justify the statement​
    6·1 answer
  • Please help this is urgent!<br> How did Benjamin Franklin impact the economy?
    14·1 answer
  • Define Democratic party in your OWN words
    8·1 answer
  • How do you deal with a lot of competing priorities
    8·1 answer
  • Is thinking at the margin the right way or wrong way of making decisions in life? should we think at the margin for everything?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!