Which of the Following Is Not an Advantage of Credit

question 11

Multiple Choice

Which of the following is not an advantage of credit unions?

• A) They can offer attractive rates to their member savers and borrowers because they are nonprofit and therefore are not taxed.
• B) Their noninterest expenses are relatively low, because their labor, office, and furniture are often donated or provided at a very low cost through the affiliation of their members.
• C) Their large membership allows them to effectively diversify geographically.
• D) All of the above are advantages of credit unions.

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Definitions:

Leading Questions

Questions that suggest a particular answer or are constructed in a way that tends to lead the respondent towards a desired answer.

Biased

Showing an unfair inclination or prejudice for or against someone or something, often leading to unjust practices.

Health Histories

Detailed records or accounts of multiple individuals' medical backgrounds, highlighting diseases, treatments, and genetic health issues critical for medical assessment and planning.

Interpretation Technique

A method or approach used to understand or clarify the meaning of something, such as data, text, or observations.