If a Credit Union Goes Bankrupt,who or What Insures That

question 29

Multiple Choice

If a credit union goes bankrupt,who or what insures that the account will get its money back up to $250,000?

• A)FDIC
• B)NCUA
• C)NCUSIF
• D)FSLIC

Recognize the importance of creating and sustaining competitive advantages to capture value in a market.

Understand the concept of platform strategies and the importance of complementary innovation.

Grasp the basis of the Resource-Based View (RBV) including resource immobility and heterogeneity.

Analyze the factors influencing supplier and buyer power within markets.

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Definitions:

Worksheet

A paper or spreadsheet used by accountants to prepare adjusting entries and to produce financial statements.

Trial Balance

A financial report that lists all accounts and their balances at a specific point in time, ensuring that debits equal credits.

General Ledger Accounts

Individual accounts in the general ledger that record all transactions of a company, used to prepare financial statements.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.