Kyle Uses a Local Financial Institution for His Banking Needs

question 57

Multiple Choice

Kyle uses a local financial institution for his banking needs such as a checking and savings account. When he asks the manager what the money he has deposited is used for, the manager explains that the institution deals primarily with consumer loans and home mortgage loans. Anyone can open an account at this institution. This describes a

• A) commercial mutual bank.
• B) mutual funds bank.
• C) credit union.
• D) savings and loan association.
• E) national bank.

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Definitions:

Mesosystem

The interlocking settings that influence the child, such as the interaction of the school and the larger community.

Incorporates

To include or integrate parts into a whole, often referring to the inclusion of multiple aspects or elements into a single entity.

Eliminates

Refers to the act of removing or getting rid of something completely.

Evolutionary Psychologist

A professional who studies how evolutionary principles help explain the structure and function of the human mind and behavior.