Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A)Key performance ratios for credit unions and building societies indicate that from 2005 to 2014 their cost structures were higher than for banks.
• B)Key performance ratios for credit unions and building societies indicate that from 2005 to 2014 their cost structures were lower than for banks.
• C)Deposits are a higher proportion of the funding base for banks than for credit unions and building societies.
• D)Despite credit unions and building societies having higher cost structures over the period 2005-2014 than banks, they have much lower bad debt expenses than banks and hence have navigated the GFC well in terms of their overall performance.

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Definitions:

Major Organic Product

In a chemical reaction with organic compounds, it is the key product formed with the highest yield.

Reaction

A process in which substances interact, resulting in the formation of new substances with different physical and chemical properties.

Organic Chemistry

The branch of chemistry devoted to the study, understanding, and manipulation of carbon-containing compounds.

Major Organic Product

The primary product formed in the highest yield during an organic chemical reaction, determined by the reaction conditions and mechanism.