Why Are Credit Unions Less Affected by Financial Crises Experienced

question 90

Multiple Choice

Why are credit unions less affected by financial crises experienced by other thrifts such as savings associations?

• A)They hold almost 30 percent of their assets in government securities.
• B)They hold relatively high amounts of residential mortgages.
• C)Less than 10 percent of their assets are in small consumer loans.
• D)They are more diversified than other DIs.

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Definitions:

Mainstream Society

The dominant or prevailing cultural norms, beliefs, values, and practices in a given society, often contrasted with those of subcultures or minority groups.

Griswold v. Connecticut

A landmark U.S. Supreme Court case in 1965 that established the right to privacy regarding marital contraception, paving the way for future rights to privacy.

Contraceptives

Contraceptives are methods or devices used to prevent pregnancy as part of family planning, including barriers, hormonal pills, implants, and IUDs.

Private Matter

An issue or subject that is intended to be kept confidential or only involves the personal interests or concerns of those directly involved.