A credit union is
A) a cooperative that receives deposits and makes loans to provide mortgage finance.
B) an institution that accepts only deposits made in money.
C) a private firm that receives deposit and makes loans.
D) a government bank.
E) a non-profit firm that receives deposits from its members and makes loans to them.
Correct Answer:
Verified
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Q30: Banks earn a profit by
A) making loans
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A) a government bank.
B)
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A)M1 plus bank cheques.
B)M1 plus
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A)on
Q49: The smallest category of banks' assets is
A)cheque
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Q53: A bank is defined as
A)any institution that
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