Which Depository Institution Is Considered a Thrift

question 97

Multiple Choice

Which depository institution is considered a thrift?

• A)S&Ls
• B)savings banks
• C)credit unions
• D)All of the above are considered thrifts.

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Definitions:

Traditional Format

In accounting, it refers to the conventional way of reporting income statements, segmenting costs into categories like cost of goods sold, operating expenses.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including raw materials, labor, and manufacturing overhead.

Variable Expenses

Costs that vary directly with the level of production or sales volume, such as raw materials and commission fees.

Fixed Cost

Costs that do not change with the level of output or activity in the short term, such as rent, insurance, and salaries of permanent staff.