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
Approximately 80% of India practices which religion?
algol13

Hinduism or Buddhism

6 0
3 years ago
Cozzolani's magnificat closes with a particular prayer of praise to god called the ______.
zaharov [31]
The correct answer is doxology.
Doxology is a word which comes from Greek - doxa means glory and logia means saying, so this is a type of a hymn written and sang in praise to God. Cozzolani refers to Chiara Margarita Cozzolani, a Baroque composer who created this musical piece, Magnificat. 
6 0
4 years ago
Why were the citizens of Washington, DC, not allowed to vote in presidential elections until 1961?
Marat540 [252]
They were not able to vote because they did not have any electors to represent them. 
6 0
4 years ago
Read 2 more answers
Discuss TWO Cod-19<br>lockdown on teaching and learning ​
Naily [24]
During the pandemic we had to go into quarantine. During this time everyone had to adjust to this new way of life, wearing masks, school being virtual, etc.


Explanation:
6 0
3 years ago
"Let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred" This is a quote that was t
Bezzdna [24]

Answer:

In 1963, and to this day, many people believe that Abraham Lincoln’s Gettysburg Address was the greatest speech of the nineteenth century, if not the greatest speech ever given. Notice how Dr. King begins what many believe is the greatest speech of the twentieth century as Lincoln did by setting the speech in time. Using Lincoln’s life and work as the foundation for his speech gives it immediate credibility. Note, too, the extraordinary and vivd use of visual imagery. In this paragraph alone you’ll find six such images: a symbolic shadow, a beacon light, seared in flames, withering injustice, joyous daybreak and long night of captivity.

Explanation:

6 0
3 years ago
Other questions:
  • Sheldon was stopped by the police for running a red light and he received a ticket which will cost him $100. After he got home a
    15·1 answer
  • Who should meet the following requirements for Georgia: must be 25 years of age, a resident of Georgia and their district for tw
    8·2 answers
  • Earth's lithosphere is unique compared to other planets because it contains _____.
    5·2 answers
  • Drag and drop each accomplishment to the correct person.
    10·1 answer
  • An adolescent who has come home later than he should is given the choice between being grounded for a week or having to do extra
    6·1 answer
  • If someone wanted to become a psychology professor at a 4-year college, then s/he would probably need a ________ degree in psych
    8·1 answer
  • Which of the four main advantages of price in a free market economy would best represent the statement, “Prices can be easily in
    10·2 answers
  • Any two characteristics of loktantra
    13·1 answer
  • Whats the legislative branch of india
    9·2 answers
  • 2. write the names of any<br> two important<br> heritage Sites lying in province no 5
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!