Cisco Is Considering Opening a Financial Institution That Accepts Savings

question 225

Multiple Choice

Cisco is considering opening a financial institution that accepts savings deposits from only its employees and makes loans to only its employees.The best description of this financial institution is that it is a

• A)credit union.
• B)commercial bank.
• C)savings and loan association.
• D)savings bank.
• E)federal government chartered credit bank.

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Definitions:

Role Differentiation

The process by which different roles develop in a society or group, often becoming more specialized and distinct.

Shared Values

Fundamental beliefs or standards shared among members of a group, society, or culture, guiding behaviors and social cohesion.

Caste System

A system of stratification (characterized by low social mobility) in which one’s place in the stratification system is determined by birth.

Social Inequities

Disparities or injustices within a society that prevent individuals or groups from having equal opportunities or treatment.