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:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, heart failure, and stroke.

Endocrine Gland

A gland that secretes hormones directly into the blood or tissue fluid instead of into ducts. Compare with exocrine gland.

Exocrine Gland

A gland that excretes its products through a duct that opens onto a free surface, such as the skin (e.g., sweat glands). Compare with endocrine gland.

Pancreas

A gland in the digestive and endocrine systems of vertebrates that produces digestive enzymes and hormones, including insulin.