Which of the Following Statements Is True of Credit Unions

question 143

Multiple Choice

Which of the following statements is true of credit unions?

• A) They are open to individuals who belong to a specific field of membership.
• B) They are the most common depository institutions.
• C) They are for-profit organizations.
• D) They are a much bigger player in financial markets than commercial banks.

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Definitions:

Percent Increase

The ratio of the increase in value to the original value, expressed as a percentage.

Base Value

The initial point of reference for measuring changes or calculations, such as a starting level in financial indices or a fixed value in property assessments.

Percent Decrease

A measure of the reduction in amount or size of something expressed as a percentage.

Base Value

A reference point or initial value used in financial calculations, indexes, or for measuring changes in economic indicators.