Which of the Following Statements Regarding Credit Unions Is True

question 66

Multiple Choice

Which of the following statements regarding credit unions is true?

• A)They make secured loans only to non-members.
• B)They are owned and managed by the government.
• C)They provide installment loans to their members.
• D)They charge higher interest rates than other sources of consumer loans.
• E)They are profit-making organizations.

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Definitions:

Data Collection

The process of gathering and measuring information on variables of interest in a systematic fashion, which then enables one to answer relevant questions and evaluate outcomes.

Public Policy

Principles and regulations established by governments to address public issues, guiding the actions and decisions of the administrative branches.

Self-Identification

The process by which an individual defines and understands themselves in relation to various social categories, such as race, gender, religion, or professional role.

Italian Americans

Americans of Italian descent, forming a significant part of the ethnic fabric of the United States, contributing to its culture, politics, and society.