BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A ____ is a for profit financial institution that is run by share holders.
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commercial bank
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credit unions
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retirement account
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None of the above
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Explanation:
Detailed explanation-1: -What Is a Commercial Bank? The term “commercial bank” refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
Detailed explanation-2: -YOU ARE PART OWNER. Credit unions are owned and controlled by the people, or members, who use their services.
Detailed explanation-3: -Commercial Banks A financial institution that engages in various financial services, such as accepting deposits and making loans.
There is 1 question to complete.