The Two Largest Asset Classes on Credit Unions' Combined Balance

question 46

Multiple Choice

The two largest asset classes on credit unions' combined balance sheet as of June 30, 2015 were

• A)cash and investment.
• B)investment securities and share drafts.
• C)home mortgages and consumer loans.
• D)consumer loans and car loans.
• E)business loans and consumer loans.

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Definitions:

Time-inconsistency

A situation where a decision-maker's preferences change over time, leading to a plan or policy that is not followed through as initially intended.

Money Supply

Money supply refers to the total amount of money in circulation within an economy, including cash, coins, and balances held in checking and savings accounts, which can influence inflation, interest rates, and economic growth.

Money Expansion

An increase in the total supply of money in an economy, often by central banking actions.

Rapid Growth

A phase of economic expansion characterized by a significant increase in the GDP, income, and employment.