Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is FALSE about credit unions? a. It is excempt from federal income tax b. Are member-owned financial cooperatives c. Are non-profit

Which of the following is FALSE about credit unions?

a.

It is excempt from federal income tax

b.

Are member-owned financial cooperatives

c.

Are non-profit

d.

Provide full services to members including interest-bearing checking accounts and short-term loans

e.

Its original purpose was to promote home ownership

Which of the following is FALSE about barter?

a.

One of its drawbacks is that it was difficult to carry around

b.

Refers to the exchange of goods/services for others

c.

Had as a disadvantage the lack of common measures

d.

One of its disadvantages was the lack of divisibility

e.

It is an old practice that dates back to the beginning of the Industrial Revolution (circa 1760)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Care Finance Economics And Policy For Nurses

Authors: Betty Rambur

2nd Edition

0826152538, 978-0826152534

More Books

Students also viewed these Finance questions

Question

what are the descriptions of Kenyan flag

Answered: 1 week ago