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M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581 Exercise 70
The major difference between banks and credit unions is that
A. credit unions are owned and controlled by depositors.
B. banks distribute their profits to depositors.
C. credit unions make large loans to corporations.
D. bank depositors vote for the bank officers.
E. credit unions have higher default rates than banks.
Explanation
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A. credit unions are owned and controlle ...
M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
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