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:

Multidimensional

Having or involving several dimensions or aspects.

Resource Allocations

The process of distributing resources among various projects or departments within an organization.

Multidirectional

Characterizes something capable of moving or extending in multiple directions; can also refer to diverse thought processes or changes.

Cultural Context

The environment or setting that includes the values, norms, and practices of a group or society, which influences and shapes behaviors and perceptions.