Directions: Choose the Best Answer Based on the Information You

question 2

Multiple Choice

Directions: Choose the best answer based on the information you read in Chapter 9. ​ Details in the middle part of the essay support the main idea and may include

• A)facts and statistics.
• B)examples.
• C)reasons.
• D)all of the above

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Definitions:

Common Stock

Shares that give owners voting rights but only residual claims to the firm’s assets and income distributions.

Not-For-Profit Cooperative

An organization owned and operated by its members with the primary goal of meeting their needs and aspirations without seeking to make a profit.

Credit Union

A member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and offering other financial services to its members.

Credit Unions

Not-for-profit financial cooperatives that offer banking services, loans, and credit to members with common affiliations.