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Suzanne is considered a member of her financial institution, which provides checking, savings, and other financial services. She is eligible for membership because she is a teacher. This financial institution is a

a. national bank.
b. savings and loan association.
c. mutual savings bank.
d. commercial bank.
e. credit union

Respuesta :

Answer:

Option "E" is the correct answer to the following question.

Explanation:

A credit union is a type of financial combine credit institution, owned and managed by its members. Credit union partners combine mutual investments and lend each other credit as well as other financial services.

In the following situation, Suzanne is working as a teacher and invest her money in credit unions.

So, Suzanne is a member of the credit union because she is a teacher and not working in another financial institution.

This financial institution is a credit union.

The following information regarding the credit union is:

  • It is the type of credit institution that is owned, managed by the members.
  • It this, the mutual investment are combined and lended to each other.

Therefore, we can conclude that This financial institution is a credit union.

Learn more: brainly.com/question/17429689

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