The Primary Assets of Credit Unions Are

question 143

Multiple Choice

The primary assets of credit unions are

• A)municipal bonds.
• B)business loans.
• C)consumer loans.
• D)mortgages.

Understand and identify different financial planning methods and their applications.

Analyze the implications of top-down and bottom-up planning approaches.

Grasp the concept and calculation of sustainable growth rate.

Interpret financial statements and execute financial forecasting.

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Definitions:

Average Rate

The mean price or value of a commodity or service over a given period or in a given market.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Cash Payback Method

A capital budgeting technique that calculates the time required for an investment to generate cash flows sufficient to recover the initial investment cost.

Capital Investment

Funds invested in a firm or enterprise with the expectation of generating income or profit, used for long-term assets.