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Match each characteristic to the correct financial institution.

A. Offers checking accounts
B. Offers many ATM locations
C. Offers credit and debit cards
D. Exclusively offers loan and savings products

1. Banks
2. Savings and Loan Associations

Sagot :

GinnyAnswer

Final answer:

Banks, Savings and Loan Associations, and Credit Unions all play crucial roles as financial institutions, offering a variety of services such as deposits, loans, and checking accounts.


Explanation:

Banks serve as financial intermediaries by accepting deposits, making loans, and offering checking accounts. They are for-profit institutions that offer various financial services to customers.

Savings and Loan Associations, also known as savings institutions, accept deposits, provide loans, issue credit cards, and mortgages, with a focus on personal and auto loans.

Credit Unions are financial institutions that are member-owned and offer similar services to banks, including checking accounts, loans, and savings products.


Learn more about Financial Institutions here:

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