An Argument That Comes Up from Time to Time Is

question 59

Essay

An argument that comes up from time to time is that credit unions have an advantage over other financial depository institutions in the sense that they are non-profit institutions and, therefore, are exempt from taxes on income that other private depository institutions pay. As a result, credit unions may be able to charge lower rates of interest to borrowers and pay a higher rate to depositors than these other institutions. What do you think of this argument?

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Definitions:

Hardware

The physical components of a computer system, such as the central processing unit (CPU), memory, and input/output devices.

Hardware

The physical components of a computer system, such as the CPU, RAM, hard drives, and so on.

Strategic

Relating to the identification and implementation of long-term or overall aims and interests.

Mass Storage Devices

Devices designed to store large amounts of data for long-term retention; examples include hard drives, solid-state drives, and tape libraries.