ashley2474 ashley2474

30-06-2024
Business

Answered

Which institution will work with other similar institutions to provide better services to their depositors?

A. Banks
B. Credit unions
C. Neither banks nor credit unions

Answer :

GinnyAnswer GinnyAnswer

30-06-2024

Final answer:

Credit unions collaborate with similar institutions to enhance depositor services.

Explanation:

Credit unions are institutions that work with other similar institutions to provide better services to their depositors. They are non-profit organizations owned by their members, focusing on providing various financial services such as loans and savings accounts. National Credit Union Administration (NCUA) insures deposits in credit unions up to $250,000 per account.

Learn more about Credit unions and financial institutions here:

https://brainly.com/question/31710522

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