Which of the Following Is a Difference Between Credit Unions

question 8

Multiple Choice

Which of the following is a difference between credit unions and commercial banks?

• A) Unlike commercial banks, credit unions are not-for-profit organizations.
• B) Unlike credit unions, commercial banks are nondepository organizations.
• C) Unlike credit unions, commercial banks are owned by their depositors.
• D) Unlike commercial banks, credit unions charge very high interest rates on loans.

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Definitions:

Cognitive Restructuring

A psychotherapeutic process of learning to identify and dispute irrational or maladaptive thoughts.

Destructive Thinking

Negative thought patterns that can be harmful to one's mental health, hindering personal growth or well-being.

Learned Behaviors

Behaviors that are acquired or modified through experience or adaptation in the environment.

Behavior Change

The process of altering or modifying actions, habits, or thoughts to improve health or reach personal goals.