Which of the Following Statements Regarding Credit Unions Is True

question 43

Multiple Choice

Which of the following statements regarding credit unions is true?

• A) They make secured loans only to nonmembers.
• 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 for-profit organizations.

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