Which of the Following Insures Deposits in Credit Unions

question 107

Multiple Choice

Which of the following insures deposits in credit unions?

• A)National Credit Union Administration
• B)the Fed
• C)Office of the Comptroller of the Currency
• D)National Credit Union Share Insurance Fund

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Definitions:

Portfolio Income

Income from investments, including dividends, interest, and capital gains.

Material Participant

An individual who is actively involved on a regular, continuous, and substantial basis in the operations of a business, affecting their tax treatment of losses.

Form 6198

An IRS form used by taxpayers to determine the amount of loss from an at-risk activity that is deductible.

IRC

The Internal Revenue Code, which is the comprehensive set of tax laws in the United States governing federal tax obligations.