Business, 05.08.2019 11:10 merrylsimpson

What is a major difference between retail banks and credit unions?
retail banks only serve businesses, while credit unions only serve individuals.
retail banks operate in order to earn profit, while credit unions are nonprofit.
o retail banks only have small local branches, while credit unions are nationwide.
retail banks manage a person's money, while credit unions focus on providing loans.

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Answer from: dyanaycooper13

Retail banks operate in order to earn profit, while credit unions are nonprofit

Explanation:

What is a major difference between retail banks and credit unions?

Retail banks only serve businesses, while credit unions only serve individuals.

This answer is false, both retail banks and credit unions serve businesses and individuals.

Retail banks operate in order to earn profit, while credit unions are nonprofit.

This answer is true, retail banks earn profits while credit unions are non-profits.

Retail banks only have small local branches, while credit unions are nationwide.

This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.

Retail banks manage a person's money, while credit unions focus on providing loans.

This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.

Answer from: Quest

But you brightness on low, turn on airplane mode, clear your history

Answer from: Quest

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

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look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

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What is a major difference between retail banks and credit unions?
retail banks only serve bu...

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