Author Question: Which of the following is a difference between credit unions and commercial banks? A) Unlike ... (Read 45 times)

rachel9 · **on:** Jul 14, 2018

Which of the following is a difference between credit unions and commercial banks?
A) Unlike commercial banks, credit unions are not-for-profit organizations.
B) Unlike credit unions, commercial banks are non-depository organizations.
C) Unlike credit unions, commercial banks are owned by their depositors.
D) Unlike commercial banks, credit unions charge very high interest rates on loans.

Question 2

If Pizza Hut and Papa John's Pizza united to become the new company of Papa's Hut, what transaction created the new company?
A) Horizontal merger.
B) Vertical acquisition.
C) Horizontal melding.
D) Proxy war.