Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 20, Problem 4CT
Summary Introduction

To think critically about: The comparison between banks, S&Ls and credit unions in terms of advantages and best loan values also the savings facility being offered.

Introduction: Banks are the organizations that operate for making profits by earning through the borrowers and paying to the depositors.

Savings and loan associations provide saving facilities to people in addition to providing home mortgage loans to individuals.

Credit unions are not for profit organizations that are owned by the members, providing same facilities as are provided by the banks.

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