Answer:
A. Owned by their members
Explanation:
Credit unions are a type of financial institution formed by a group of people to provide financial services exclusively to their members. In credit unions, members find the main services available at banks, such as checking accounts, financial applications, credit cards, loans and financing. The main difference is that in credit unions, members are both owners and users, that is, they participate in the management and enjoy the products and services.
Answer:
An account in which money must stay deposited for a certain amount of time.
Inventory cost is higher than all other options. If there are many small players at the customer stage, each requiring small amount of the product at a time.
Answer:
A factor
Explanation:
A factor is the cost per thousand that is required to create the principal and interest payment necessary to pay off a loan.
The answer is: Jason can choose a term that ends when he wants to buy his car, and his money will earn more interest than in a simple savings account.
The purpose of choosing this type of account is to ensure that Jason's saving is locked until it reach the maturity date. With this, Jason limited himself from actually using the money for other purposes and he can focused on his goal of buying the car that he wants.