Which of the Following Statements Is True

question 60

Multiple Choice

Which of the following statements is true?

• A)Building societies are depository institutions.
• B)Building societies usually operate on a cooperative basis.
• C)In case of building societies the depositors are also members of the society.
• D)All of the listed options are correct.

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Definitions:

Certificate

An official document attesting to a certain fact, such as the completion of an educational course or the ownership of a financial security.

Net Profits

The sum left over once all costs, taxes, and expenses have been deducted from the total income.

Partnership Status

The legal standing of a business entity comprising two or more individuals who share management and profits.