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:

Endogenous

Originating from within an organism, tissue, or cell, used to describe processes or substances that are internally generated.

Naturally Occurring

Referring to substances, phenomena, or processes that exist or happen without human intervention.

Polarized

A term indicating something is divided into two sharply contrasting groups or sets of opinions or beliefs.

Transmitter Substances

are chemical substances, such as neurotransmitters, that transmit nerve impulses across synapses between nerves or from nerves to muscles or organs.