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3 years ago

Match the financial institutions with the features.

Business

1 answer:

tensa zangetsu [6.8K]3 years ago

4 0

Answer:

Commercial Bank > Offers checking accounts

Financial service company > Offers high-risk loans

Savings and loan association > Provides home mortgages

Credit union > Is owned by its members

Explanation:

1. Commercial Bank > Offers checking accounts

Commercial bank is a financial organization which accepts deposits, offers varieties of products including checking accounts, and provides loans to the public and enterprises.

2. Financial service company > Offers high-risk loans

When a company looks to develop economic growth through the use of money supply from the savings accounts of people, and offers risky loans, that company is said to be a financial service company.

3. Savings and loan association > Provides home mortgages

When an institution acts like a bank by not being a banking institution, and provides mortgages, it is coined as savings and loan association.

4. Credit union > Is owned by its members

Member-based financially operated organizations which helps people to provide financial services like non-risky loans and deposits, that is termed as credit union.

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2 years ago

Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2021. The market interest r

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Answer: Please see Explanation for answer.

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3 years ago

You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month

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