A) Credit unions are for-profit organizations, while commercial banks are not-for-profit.
B) Commercial banks are owned by their customers, while credit unions are owned by shareholders.
C) Credit unions are not-for-profit organizations owned by their members, while commercial banks are for-profit and owned by shareholders.
D) Commercial banks offer higher interest rates on savings accounts than credit unions.
Explanation
Credit unions are member-owned, not-for-profit financial cooperatives, meaning their profits are typically returned to members through lower fees and better rates. Commercial banks are for-profit institutions owned by shareholders.
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