Which of the following is NOT a type of bank.? A savings and loans association B credit union C modern bank D commercial bank

1 answer:

6 0

The right answer is C. Modern bank. This is not a type of bank.

A bank is a financial business entity whose main function is to capture economic resources in the form of deposits and lend money charging interest for these services. They are also responsible for providing various financial services. A savings and loans association is an institution whose purpose is to accept savings, deposits and offer mortgages as a form of credit loan. A credit union is a form of a financial cooperative formed by pre-established members that control the operation and offers aid to its members through loans at low-interest rates. A commercial bank is a banking institution whose main objective is to provide financial services to corporations or medium/large companies.

I hope this information can help you.

You might be interested in

Explain the change in state or phase during the water cycle process

Pepsi [2]

Answer: During the first phase, known as evaporation, the water changes states, changing from a liquid to a gas. The water changes states again in the atmosphere, it turns from a gas to a liquid or solid, depending on the temperature, and the water falls from the atmosphere in the stage of precipitation as either the solid or liquid.

Short answer:

The water changes from liquid to gas during evaporation, and gas to liquid or solid during precipitation

Explanation:

Hope it helps!

3 0

1 year ago

A researcher performs a previous study following the same procedures to see if she will get the same results.This is an example

GrogVix [38]

Answer:

A. a replication of studies

Explanation:

A researcher performs a previous study following the same procedures to see if she will get the same results.This is an example of a replication of studies.

Carrying out a previous research under the same exact conditions to see if the results will be the same is simply a replication of study. Replication of studies is necessary for the validation of results gotten from the previous research.

5 0

3 years ago

The process by which people learn a sense of personal control or personal helplessness has been most strongly emphasized by the

BARSIC [14]

Social-cognitive perspective.

6 0

3 years ago

Which of the following most resembles the grieving process?

Kazeer [188]

1. Shock
2. Pain
3. Anger
4. Acceptance

4 0

3 years ago

What effect did Oglethorpe's rule against slavery have on the farming industry in Georgia? at answers the question

densk [106]

Farms stayed small with only family to help run them.

4 0

2 years ago