Which of the Following Financial Institutions Is a Not-For-Profit Organization

question 7

Multiple Choice

Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?

• A) savings bank
• B) commercial bank
• C) savings and loan association
• D) credit union
• E) None of the above are correct.

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Definitions:

Antheridia

Male reproductive structures in plants, algae, and fungi that produce and release sperm.

Integuments

Layers or coverings of an organism or organ, serving to protect or enclose, especially the outer layer of seeds or the skin of humans and animals.

Megasporangium

A plant structure that produces megaspores, which develop into female gametophytes in seed plants and certain ferns.

Ovules

Small structures within the ovary of seed plants that develop into seeds upon fertilization.