Which of the following is false?
A) Credit unions do not face the same risks as other depositories because they do not have to earn a profit.
B) Deposits in credit unions are never insured.
C) There is a Credit Lending Facility that lends credit unions that need to raise funds quickly.
D) Credit unions may be federally or state chartered.
Correct Answer:
Verified
Q25: The Garn-St. Germain Act of 1982 did
Q26: The Depository Institutions Deregulation and Monetary Control
Q27: The agency created by FIRREA in 1989
Q28: The federal agency created in 1970 to
Q29: Which of the following is true?
A) Credit
Q31: The primary overseer of the savings and
Q32: Savings association can manage interest rate risk
Q33: Savings association can manage default risk by
A)
Q34: Savings association can manage liquidity risk by
A)
Q35: The lender of last resort for credit
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