Credit unions differ from retail banks because they are

Some new education question and answer inquired students to indicate what they believe is the most important challenge for a student to do in order for you to achieve success. Of the many results, one that that stood out was practice. Successful people aren’t born successful; they become successful by just hard work and determination. This is how you can fulfill your goals. the following are one of the answer and question example that you can easily work with to practice and enhance your knowledge and also give you insights that might just guide you to preserve your study in school.

Question:

Credit unions differ from retail banks because they are

A. Owned by their members
B. Owned by their employees.
C. Owned and managed by private corporations
D. Owned by shareholders who purchased stock

Answer:

The credit unions differ from retail banks because they are owned by their members.

What is a Credit unions?

Credit unions is a financial institution that is formed by a group of people to provide financial services exclusively to their members.

Retail banking is the provision of services by a bank to the general public.

Hence, the difference is that credit unions’ members are both the owners and users.

Therefore, the Option A is correct.

They would certainly hopefully assist the student solve the question by working with the questions and answer examples. Then would possibly carry out some sharing in a group discussion and also study with the classmate with regard to the topic, so another student also ought to have some enlightenment and still keeps up the school learning.

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