What is the most important reason credit unions are able to offer lower loan rates and higher deposit rates than a bank? Greater efficiencies More loyal customers and employees Pay no income tax Economies of scale

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
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What is the most important reason credit unions are able to offer lower loan rates and
higher deposit rates than a bank?
Greater efficiencies
More loyal customers and employees
O Pay no income tax
Economies of scale
Transcribed Image Text:What is the most important reason credit unions are able to offer lower loan rates and higher deposit rates than a bank? Greater efficiencies More loyal customers and employees O Pay no income tax Economies of scale
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