asked 43.5k views
5 votes
What financial institution does NOT offer any kind of a checking account? A.)savings and loan associations

B.) commercial banks
C.) credit unions
D.) savings banks

asked
User Panfil
by
9.2k points

2 Answers

5 votes
C.credit unions is the answer
answered
User Javlon
by
9.0k points
6 votes

Answer: Option 'C' is correct.

Explanation:

Credit unions will not offer any kind of a checking account .

On the other hand , Saving and loan association avail this offer to check the account time to time.

And Saving banks also avails the offer of checking the account

Similarly the feature of commercial banks also provides this type of offer.

But the credit unions don't as it is non profit making cooperative where a borrower can borrow money from pooled deposit at a low rate of interest.

answered
User Dan Zheng
by
9.1k points
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