Which of the following financial intermediaries operates as a not-for-profit organization??
A. ?Commercial bank
B. ?Credit union
C. ?Thrift institution
D. ?Mutual fund
E. ?Whole-life insurance company
Answer: B
You might also like to view...
An asset's book value is $14,400 on January 1, Year 6. The asset is being depreciated $200 per month using the straight-line method. Assuming the asset is sold on July 1, Year 7 for $9300, the company should record:
A. A gain on sale of $1500. B. A loss on sale of $1500. C. A loss on sale of $750. D. A gain on sale of $750. E. Neither a gain or loss is recognized on this type of transaction.
Notes receivable due within 90 days and cash are examples of short-term financial assets
Indicate whether the statement is true or false
The nominal or face value of a stock or bond is called the ________
A) stated capital value B) share price C) stock price D) par value
A form containing a bar code is classified as a MICR form
Indicate whether the statement is true or false.