How are credit unions similar to banks? A. They both seek to make a profit. B. They both give out loans. C. They're both owned by stockholders. D. They both allow anybody to be a customer.

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Banks are for-profit institutions while credit unions are non-profit. So that means that the answer would not be A. A credit union and a bank give out loans. (A bank has lower interest rate than a credit union.) That would mean that B would be an answer. You have to be qualified and have membership to go to a credit union. So C would not be a correct answer.

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monikachinwaal55 monikachinwaal55 · Answer 2 · 2022-06-11T13:48:32+02:00

Credit unions similar to banks as they both give out loans.

What are the credit unions and bank?

Bank is the economic institution, which accepts deposits made and offer loans to the customers.

Credit unions are the non-earnings institutions, which returns the deposit with very low interest charge that have been made by its members.

Both institutions provides different loans that may include auto loans, mortgage loan etc.

Learn more about the credit unions and bank here:-

https://brainly.com/question/12730078

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How are credit unions similar to banks? A. They both seek to make a profit. B. They both give out loans. C. They're both owned by stockholders. D. They both allow anybody to be a customer. 2b2t

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What are the credit unions and bank?

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How are credit unions similar to banks? A. They both seek to make a profit. B. They both give out loans. C. They're both owned by stockholders. D. They both allow anybody to be a customer.

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