Building societies fund long-term residential mortgages with long-term consumer savings deposits.
Correct Answer:
Verified
Q11: Credit unions are cooperatives owned by their
Q12: Building societies are authorised deposit-taking institutions (ADIs),approved
Q13: In spite of diversification of their activities
Q14: Finance companies raise funds from wholesale markets
Q15: Historically credit unions have been providing business
Q17: Building societies have no comparative advantage over
Q18: Depositors in credit unions may have been
Q19: Debt consolidation companies are firms that specialise
Q20: Building societies have been able to attract
Q21: Credit unions' assets primarily consist of:
A)investment securities.
B)loans
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