Credit unions are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, with declared earnings paid to stockholders only. Competition between banks prohibits a sharing of resources. | APR stands for Annual Percentage Rate. Presented as a percentage, APR is a calculation of the full amount you will pay for a loan over the course of one year. The calculation includes any fees you may need to pay, plus the interest rate a lender applies to your particular loan. |
Use the GCEE GMAS APP, a practice test on USAtestprep and videos/questions on my website starting on the date 3/13/18 to review for the test.
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AuthorMr. Holcey is a veteran teacher in the Savannah area. With over 20 years of teaching experience in subjects ranging from law to physical science. Archives
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