An Advantage Credit Unions May Have Over Other Financial Institutions

question 30

Multiple Choice

An advantage credit unions may have over other financial institutions is

• A)interest-bearing chequing accounts.
• B)flexible-rate loans
• C)low-cost personal loans.
• D)credit cards.
• E)variable-rate savings plans.

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Definitions:

Tracking

The process of monitoring and recording activities or progress, often used in fitness, health, and project management.

Transtheoretical Model

A theory of behavior change that outlines six stages people go through to alter their habits, including precontemplation, contemplation, preparation, action, maintenance, and termination.

Termination

The end or conclusion of a process, activity, or condition.

Commitment (Self-liberation)

The process of making a firm personal decision to change, often referring to freeing oneself from bad habits or situations.