Which of the Following Financial Institutions Is a Not-For-Profit Institution

question 1

Multiple Choice

Which of the following financial institutions is a not-for-profit institution?

• A) savings bank
• B) credit union
• C) commercial bank
• D) savings and loan association

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Definitions:

Contracts

Legally binding agreements between two or more parties, detailing obligations and rights concerning the exchange of goods, services, or property.

Adults

Individuals who have reached the age of majority, legally recognized as capable of entering into binding contracts and being responsible for their actions.

Illegal Contract

A contract that is void because it involves the performance of an unlawful act.

Prostitution

A practice of engaging in sexual activities in exchange for payment or other benefits.