Which of the Following Statements Is True of Credit Unions

question 23

Multiple Choice

Which of the following statements is true of credit unions?

• A)They make secured loans only to non-members.
• B)They are owned and managed by the government.
• C)They provide installment loans to their members.
• D)They charge higher interest rates than other sources of consumer loans.
• E)They are profit-making organizations.

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Definitions:

Quality Function Deployment

Quality Function Deployment (QFD) is a systematic approach to design based on customer requirements that aims to ensure quality is built into products and services from the beginning.

Assembly Chart

A detailed diagram or document that displays the sequence of operations or components involved in assembling a product.

Exploded View

A diagram or illustration that shows the components of an object slightly separated by distance, often used in engineering to depict assembly relationships.

Graphically

Using diagrams, charts, or other visual representations to explain or analyze data and concepts.