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customer's deposits.
B. A credit union and a retail bank are the same thing; there is no
difference between them.
C. A retail bank is "membership only", a credit union deals with the
general public
D. A credit union is a nonprofit entity; a commercial bank is a for-
profit entity
Answer:
The answer is (D.) A credit union is a nonprofit entity; a commercial bank is a for-profit entity.
Step-by-step explanation:
While Credit unions are not-for-profit organizations that exist to serve their members Retail banks are for-profit organizations that exist to serve the general public. Just like retail banks, credit unions accept deposits, make loans and provide a wide array of other financial services, but mainly from registered members.. But as member-owned and cooperative institutions, credit unions provide a safe haven to members only to save and borrow at reasonable rates.
Answer:
A. A credit union is a non-depository institution; a retail bank takes customer deposits.
it will take 12 minutes for both hioses to fill the pool