Which of the Following Statements Is NOT Correct? Members of a Credit

question 19

Multiple Choice

Which of the following statements is NOT correct? Members of a credit union:

• A)are usually from the same profession,the same association or the same residence.
• B)can become directors of the credit union.
• C)provide the capital required for the credit union to comply with the capital regulation.
• D)have one vote each irrespective of the amount of business they have with the credit union.

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Definitions:

Perceptual Benefits

The subjective advantages a consumer perceives in a product or service, which may influence buying behavior.

Renewable Resources

Natural resources that can be replenished naturally over time, such as solar energy, wind energy, and biomass.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it encompasses processes, inventions, and methods to solve problems or improve existing solutions.

Functional Benefit

The practical or useful advantage offered by a product or service that satisfies specific needs of the consumer.