Which of the Following Observations Concerning Credit Unions Is NOT

question 31

Multiple Choice

Which of the following observations concerning credit unions is NOT true?

• A)They invest heavily in corporate securities.
• B)Member loans constitute a majority of their total assets.
• C)They tend to invest more of their assets in Government of Canada securities than other DTIs.
• D)They engage in off-balance-sheet activities.
• E)They focus more on providing services and less on profitability.

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Definitions:

Hz

Hertz, a unit of frequency defined as one cycle per second, used to measure the frequency of waves, including sounds and electromagnetic waves.

Spoken Language

The use of sounds and words for communication, a fundamental aspect of human interaction and culture.

Audition

The sense of hearing, or the process by which sound waves are transformed by the auditory system into neural signals the brain interprets as sound.

Vocalization

Vocalization refers to the production of sounds or utterances as a means of communication, common in both humans and animals.