Which of the Following Is True About Credit Unions Versus

question 43

Multiple Choice

Which of the following is true about credit unions versus commercial banks and savings institutions?

• A)C redit unions are less able to quickly generate additional deposits.
• B)S avings institutions and commercial banks can borrow from the Central Liquidity Facility, but credit unions cannot.
• C)S avings institutions and commercial banks are less able to quickly generate additional deposits.
• D)Credit unions have more exposure to interest rate risk.

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Definitions:

Vocabulary Change

The evolution or alteration of the words used by a language, group, or individual over time.

Communication Process

outlines the steps involved in the transfer and understanding of messages between two or more parties.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures or ethnicities.

Cross-Cultural Communication

The practice of recognizing and adapting to cultural differences to improve communication and understanding between people from different cultural backgrounds.