Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
When can we used credit union?
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Step 1
Credit unions are the institutions or co-operatives that give banking services. These unions are usually created by large organizations, employees, etc.
These accumulate their funds in order to be used by the members of the union at any time. These funds are provided in the form of loans and money that has been deposited by members.
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