The Primary Assets of Credit Unions Are

question 143

Multiple Choice

The primary assets of credit unions are

• A)municipal bonds.
• B)business loans.
• C)consumer loans.
• D)mortgages.

---

Definitions:

After-Tax Discount

The reduction or deduction from the gross amount on which tax has already been calculated and deducted.

Working Capital

The gap between a firm's current assets and its current liabilities, signifying the available liquidity for operating its business activities.

Incremental Sales

The additional revenue generated from an increase in sales activities or volume above a baseline level.

Cash Operating Expenses

Expenses that a company pays out in cash during an accounting period, excluding non-cash expenses like depreciation.