________ are not-for-profit, member-owned cooperatives that offer deposit accounts and lending services to consumers and small businesses

A) Loan associations
B) Retail banks
C) Credit unions
D) Thrift banks
E) Merchant banks


Answer: C
Explanation: Credit unions are not-for-profit, member-owned cooperatives that offer deposit accounts and lending services to consumers and small businesses.

Business

You might also like to view...

Which of the following would generally be written using a direct format?

A) Refusing social networking recommendation requests B) Refusing requests for recommendations C) Refusing requests for claims and adjustments D) Rejecting suggestions and proposals E) Refusing routine requests

Business

On October 1, 2020, Jewelry Specialists Company made a loan to one of its customers. The customer signed a 6-month note for $100,000 at 15%. Calculate the total interest earned on the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

A) $7500 B) $3750 C) $1250 D) $15,000

Business

The online recruited Internet sampling technique can be further classified as convenience or judgment

Indicate whether the statement is true or false

Business

Which term below is defined as the distribution of power across all levels of the organization?

a. Globalization b. Decentralization c. Cross-functional teams d. Centralization

Business