Ask Question
BusinessBusiness
10 April, 21:30

All financial institutions offer the same products and services of consumers.

True or False

+4
Answers (2)
  1. 10 April, 22:30
    0
    The answer is False
  2. 10 April, 22:46
    0
    The correct answer is False

    Explanation:

    Financial institutions include institutions such as banks, insurance companies, credit unions or investment banks that offer financial services this includes loans, deposit accounts, mortgage loans, credit cards, etc. Due to the number of both services and financial institutions not all financial institutions are the same as some offer only certain services and products to specific consumers or clients. For example, in the case of credit unions, these offer mainly loans or credits and this is only possible if one is a member of the union. Therefore, it is false all financial institutions offer the same products and services of costumer because each financial institution is particular.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “All financial institutions offer the same products and services of consumers. True or False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
McLeod Corporation is a merchandising company. The year began with inventory of $32,000, Purchases for the year were $57,000, and the Ending Inventory was $19,000. What is the Cost of Goods Sold that would be reported on the income statement?
Answers (1)
Why would having a lower opportunity cost for producing one item give you a comparative advantage over another?
Answers (1)
An automotive magazine charges an annual subscription fee of $300, with customers prepaying the fee. Subscribers receive 50 issues for the annual fee.
Answers (1)
As the owner of an art gallery with a keen eye for upcoming talent, you find a painting that you feel is sure to net a large profit from a relatively unknown artist.
Answers (1)
used the metaphor of the "invisible hand" to: Describe the appropriate, limited role of government Describe the benefits of free trade Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole
Answers (1)
New Questions in Business
Cirrus Aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capacity over the next two years. What type of competitive action does this represent? A.
Answers (1)
What is the risk of overusing credit for a business?
Answers (1)
Lorna Perry, who works in a financial firm in Michigan, is required to calculate a large number of clients' accounts daily. She needs to tally figures and check accuracy at a high speed.
Answers (1)
The traits, skills, experience, knowledge, and other features necessary for job success are called internships. job qualifications. job salaries. health benefits.
Answers (1)
hich of the following is consistent with relationship marketing? Maintaining transactional relationships with customers Working with buyers to determine their individual needs Developing market share through mass media advertising Focusing more on
Answers (1)
Home » Business » All financial institutions offer the same products and services of consumers. True or False
Sign Up Forgot Password?