The Type of Institution for Which All Are Both Owned

question 42

Multiple Choice

The type of institution for which all are both owned by its depositors and pays "dividends" to its depositors is the

• A) credit union.
• B) savings and loans.
• C) life insurance companies.
• D) commercial bank.

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Definitions:

Value

The importance, worth, or usefulness of something to a person or in the market.

Quality

The degree to which a product or service meets or exceeds customer expectations in terms of reliability, design, functionality, durability, and satisfaction.

Long-Term Customer Relationships

The development and maintenance of enduring relationships between a business and its customers, leading to repeat business and loyalty.

Types of Utility

The different ways in which goods or services can provide value to consumers, including form, time, place, and possession utility.