ECONOMICS
CREDIT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Bank
|
|
|
Credit Union
|
|
|
Both
|
|
|
Neither
|
Detailed explanation-1: -The 4 most common types of financial institutions are commercial banks, brokerage firms, insurance companies, investment banks.
Detailed explanation-2: -Banking Segments These banks offer financial services tailored to individuals, including checking and savings accounts, mortgages, loans, and credit cards, as well as certain investment services.
Detailed explanation-3: -Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.
Detailed explanation-4: -Checking Accounts. An account at a financial institution that allows for withdrawals and deposits. Savings Accounts. Money Market Accounts. Certificates of Deposit. Mortgages. Home Equity Loans. Auto Loans. Personal Loans. More items