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
Jim, the CEO of Maple Inc., had to sign a few papers that Amanda, his secretary, presented to him. Unknown to Jim, Amanda had carefully slipped in a contract for the sale of Jim's home to her in the papers which he signed.
Answers (1)
In a repo transaction (or repurchase agreement), the one "buying" the collateral asset (with the promise of selling it back soon) is the:
Answers (1)
Coaster Brothers, Inc. billed a client for services performed on March 12. The customer paid one-half of the amount owed on March 22 and the other one-half on April 24. When should the company record the related Service Revenue? A. On March 12. B.
Answers (1)
A piece-rate worker is paid A. a fixed rate for each hour worked in a day B. a fixed rate for each item or deliverable c. a fixed rate per month D. a fixed wage
Answers (1)
It is important to accommodate diverse cultural needs to set your program apart. True False Submit
Answers (1)
New Questions in Business
Explain where on that financial statement you would find the debt information.
Answers (1)
What do apartment background checks look for?
Answers (1)
Think about your decision to buy the textbook for this course. You paid $250 for the book, but you would have been willing to pay $400 to use the book for the semester.
Answers (1)
Net credit sales for the year are $750,000. The end of year accounts receivable balance is $160,000. The allowance for doubtful accounts is calculated as 5% of the receivables balance.
Answers (1)
The purchase of treasury stock usually restricts the amount of retained earnings available for cash dividends. a. Trueb. False
Answers (1)
Home » Business » All financial institutions offer the same products and services of consumers. True or False
Sign Up Forgot Password?