The Sensitivity of the Cost of Funds to Interest Rate

question 11

Multiple Choice

The sensitivity of the cost of funds to interest rate movements has generally been

• A)greater for credit unions than for savings institutions.
• B)greater for credit unions than for commercial banks.
• C)lower for credit unions than for savings institutions or commercial banks.
• D)similar for credit unions as for savings institutions and commercial banks.

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Definitions:

Psychological Empowerment

A state in which individuals feel a sense of control over their work and perceive their tasks as meaningful, leading to increased motivation and satisfaction.

Work Roles

The functions or responsibilities assigned to individuals in a professional setting.

Delegate Effectively

The skill of assigning responsibilities and tasks to others in a manner that ensures successful completion and efficiency.

Authority

The power or right to give orders, make decisions, and enforce obedience, often backed by laws or by the consensus of a group.