Which of the Following Observations Concerning Credit Unions Is NOT

question 45

Multiple Choice

Which of the following observations concerning credit unions is NOT true?

• A)They invest heavily in corporate securities.
• B)Member loans constitute a majority of their total assets.
• C)They tend to invest more of their assets in U.S.Treasuries than other DIs.
• D)They engage in off-balance-sheet activities.
• E)They focus more on providing services and less on profitability.

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Definitions:

pH Solution

A measure of the acidity or alkalinity of a solution, on a scale of 0 to 14, where 7 is neutral, values below 7 are acidic, and values above 7 are alkaline.

Ions

Atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Single Covalent

A type of chemical bond where two atoms share one pair of valence electrons, resulting in a stable molecule.

Ionic Bond

An ionic bond is a type of chemical bond formed through the electrical force between oppositely charged ions.