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

User Panfil
by
7.5k points

2 Answers

5 votes
C.credit unions is the answer
User Javlon
by
7.8k 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.

User Dan Zheng
by
7.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.