Which Statement Is Correct Regarding Entities Considered Banks Under the UCC

question 61

Multiple Choice

Which statement is correct regarding entities considered banks under the UCC?

• A)Trust companies and credit unions are considered banks,but savings and loans are not.
• B)Savings and loans and credit unions are considered banks,but trust companies are not.
• C)Savings and loans and trust companies are considered banks,but credit unions are not.
• D)Only an entity holding itself out as a "bank" is considered a bank under the UCC,and therefore neither savings and loans,credit unions,nor trust companies are considered banks.
• E)Savings and loans,credit unions,and trust companies are all considered banks.

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Definitions:

Primary Control

The effort to change the external world to fit one's needs or desires.

Secondary Control

A coping mechanism that involves adjusting one's own attitudes, goals, or emotions in situations where primary control is not possible.

Facial Expressions

Visible changes in the face that convey an individual's emotional state, intentions, or social communications.

Paul Ekman

A psychologist known for his research on the relationship between emotions and facial expressions, particularly in identifying universal emotions.