ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A credit union is a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.

Detailed explanation-2: -What is chamber of commerce? Nonprofit organization of local businesses whose purpose is to promote their interests.

Detailed explanation-3: -Principal is most commonly used to refer to the original sum of money borrowed in a loan or put into an investment. It can also refer to the face value of a bond, the owner of a private company, or the chief participant in a transaction.

Detailed explanation-4: -credit union. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees. saving account.

Detailed explanation-5: -A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. Professionals like doctors and lawyers often form a limited liability partnership.