All categories

3 years ago

What is true about credit unions?

Business

2 answers:

Vesnalui [34]3 years ago

8 0

<span>All of the above are true.</span>

Alexandra [31]3 years ago

6 0

Answer: All of the above are true.

Explanation:

Credit unions refer to a financial institution owned by a group of people who are connected by common bond in order to provide traditional banking system. They offer savings account and are established to promote the well-being of their members. The profits generated by them are given back to the members in the form of reduced fees, higher savings rates and lower loan rates. The money saved in the savings account is used for providing loans to other members. The interest which they charge on loans to members is used to generate income for the credit union.

You might be interested in

Is it possible to calculate total financial returns?

Tom [10]

Answer:

Yes, it is possible to calculate the total financial return.

Explanation:

Financial returns is the profit on an investment, usually calculated at the end of the investment period to determine the outcome of the investment. The total financial return on an investment can be calculated so long as a detailed record of the investment is kept, and balanced. The total financial returns can then be calculated by subtracting the final value of the investment from the initial or starting value of the investment over the duration of the investment.

8 0

4 years ago

when goods are sold to a customer by entity and customer promise to pay amount at certain future time period that is know as

MAXImum [283]

Answer:

Promissory agreement.

Explanation:

A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.

Thus, when goods are sold to a customer by a business entity and the customer promises to pay an amount of money at a certain future time period it is known as a promissory agreement.

A promissory note can be defined as a signed document that contains a written promise by a customer to pay a specific amount of money to an individual or business firm, on demand or at a certain future time period, for the goods or services purchased.

4 0

3 years ago

A type of coverage with a small face amount, typically purchased to pay the burial expenses of the insured, is called a(n) _____

Katarina [22]

Correct Question: A type of coverage with a small face amount, typically purchased to pay the burial expenses of the insured, is called a(n) _________ plan:

A. Family

B. Industrial

C. Interment

D. Annuity

Answer:

B. Industrial

Explanation:

Also called a pre need insurance, industrial insurance is the type of insurance that is procured to take care of future occurrence such as burial.

7 0

3 years ago

Which of the following résumé statements is most effective? helpppppppppp plzzzz need this answered asap. multiply choice

Nadusha1986 [10]

<span>B proficient in Excel, Word, Visio, Publisher, and PowerPoint

Hope this helps

</span>

5 0

4 years ago

Read 2 more answers

True or false: keynes' law best applies to short time horizons that see fluctuations in total demand.

earnstyle [38]

It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.

<h3>What is the Keynes law?</h3>

The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.

The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.

In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.