Credit Unions,while Representing a Very Small Proportion of Total Financial

question 76

Multiple Choice

Credit unions,while representing a very small proportion of total financial assets,have strong numerical representation throughout Australia.They derive this numerical strength:

• A) from a common bond of association among society members.
• B) through the wide dispersion of societies throughout the country.
• C) because of the full range of financial services provided.
• D) because of a guarantee of deposits provided by the government.

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Definitions:

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Studies

Systematic investigations or research aimed at acquiring knowledge and understanding through observation, experimentation, and analysis.

Policymakers

Individuals or groups responsible for making decisions on public policy in government, organizations, or institutions, often influencing laws, regulations, and strategies.

Costs Of Inflation

The economic disadvantages resulting from inflation, such as reduced purchasing power and the distorting effects on saving and investment decisions.