Question
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) |
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