Katherine wishes to find a financial institution that will allow her to earn interest on deposits and use a debit card. Which of the following would represent her best choices?
Question 2
2.
What are the cost and benefit of borrowing from payday lenders?
Question 3
3.
Question 4
4.
Financial institutions such as banks and credit unions channel funds from savers to
Question 5
5.
What type of financial institution offers a variety of services to the general public?
Question 6
6.
Which sentence BEST describes a title pawn lender?
Look at the options below. Select ALL statements that are true about credit unions.
Credit unions must serve a defined segment of the population.
Credit unions are owned and run by their members.
Credit unions only offer small payday loans.
Credit unions offer checking and savings accounts, as well as loans.
Credit unions are owned by stockholders and run by a board of directors.