Why Are Credit Unions Less Affected by Financial Crises Experienced

question 99

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.
• E)Their customers have no other options for their banking needs.

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Definitions:

Dutch

Referring to the people of the Netherlands, their language, or their culture, recognized for contributions to art, navigation, and commerce.

Indians

Primarily refers to the indigenous peoples of the Americas; also used in a broader sense to denote the native inhabitants of various regions globally.

Conquistadores

Spanish explorers and warriors who led military expeditions in the Americas during the 16th century, contributing to the Spanish colonization of the region.

New World

A term historically referring to the Americas, encompassing both North and South America, discovered by European explorers.