WorksheetsBANKS AND CREDIT UNIONS
Total questions: 12
Worksheet time: 12mins
Which economic institution is NOT for profit. It is for the it's members?
Banks
Credit Unions
Insurance companies
Which economic institution is for Profit?
Banks
Credit Unions
Cooperatives
Which economic institution is owned by its members?
banks
credit unions
Which economic institution is a cooperative?
banks
credit unions
Which economic institution is owned by stakeholders?
Credit union
banks
Which is NOT a characteristic of a bank?
Provide loans
offers credit cards
customers are owners
It is in business for Profits
Which is NOT a characteristic of a credit union?
owned by it's members
make decisions with members in mind
you can create a savings account
all profits goes to stakeholders
A cooperative is an organization formed by groups with similar objects or interest
True
False
Banks and credit unions DO NOT allow persons to visit branch , make withdraw and deposits
True
False
Most banks and credit unions also issue credit cards and offer the same type of loans, such as personal loans, mortgages, auto loans and student loans.
true
false
Banks are NOT in business to make a profit.
true
false
The members who have accounts in the credit union are the owners of the credit union
true
false
