Choose the Statement That Is Incorrect

question 23

Multiple Choice

Choose the statement that is incorrect.

• A)A chartered bank is a private firm, chartered under the Bank Act of 1992 to receive deposits and make loans.
• B)A credit union is a cooperative organization that operates under the Co-operative Credit Association Act of 1992.
• C)A caisse populaire is similar to a credit union.
• D)Trust and mortgage loan companies receive deposits, make loans, and act as trustee for pension funds and for estates.
• E)Trust and mortgage loan companies have the bulk of the deposits in M1 and M2.

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Definitions:

Motivators

Elements or factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject.

Motivational Practices

Strategies and methods employed to inspire, encourage, and stimulate individuals or groups toward achieving goals or improving performance.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Management Practices

The array of techniques, strategies, and approaches employed by managers to effectively lead and run an organization.