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Which of the following BEST describes how credit unions affect the national economy?

OA. They offer financial services to people with a common bond.
OB. They loan money to banks and other financial institutions.
OC. They offer loans to struggling government institutions.
OD. They audit and evaluate stock markets.

User Chinmay T
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The best answer that describes how credit unions affect the national economy is:

OA. They offer financial services to people with a common bond.

Credit unions are not-for-profit financial cooperatives that are owned and operated by their members. They offer financial services, such as loans and savings accounts, to individuals and businesses who have a common bond, such as living in the same community or working for the same employer. By providing access to affordable financial services, credit unions help to promote financial stability and economic growth in their communities. However, credit unions generally do not loan money to banks or other financial institutions, offer loans to struggling government institutions, or audit and evaluate stock markets.

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User Ashishkumar Singh
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