Question 13 of 20:
Select the best answer for the question.
13. A
is a group of people who agree to save their money together and t
O A. investment firm
O B. commercial bank
O C. credit union
O D. mutual fund
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Answer :

Final answer:

Credit unions are nonprofit institutions owned by members, accepting deposits and providing loans based on common bonds.


Explanation:

Credit unions are nonprofit financial institutions owned and run by their members. They accept deposits from members and primarily focus on providing loans back to their members. These institutions are organized around a group of people who share a common bond, such as working for the same employer.


Learn more about Credit unions here:

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