ECONOMICS (CBSE/UGC NET)

ECONOMICS

SAVING AND INVESTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which financial institutions offers checking accounts?SELECT ALL THAT APPLY
A
financial service company
B
savings and loan association
C
commercial bank
D
credit union
Explanation: 

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: -Commercial Banks. Commercial banks are generally stock corporations whose principal obligation is to make a profit for their shareholders. Savings and Loans/Savings Banks. Credit Unions.

Detailed explanation-3: -Traditional checking account. Student checking account. Senior checking account. Interest-bearing account. Business checking account. Checkless checking. Rewards checking. Private bank checking. More items •25-Aug-2022

Detailed explanation-4: -Checking Account. The most basic type of bank account is the checking account. Savings Account. A checking account and savings account go together like Batman and Robin. Money Market Deposit Account. Certificate of Deposit (CD) 09-Dec-2022

There is 1 question to complete.