AFP
CTP · Question #270
(Topic 3) Which statement is true about credit unions?
The correct answer is B. They are not-for-profit organizations. See the full explanation below for the reasoning.
Question
- (Topic 3)
Which statement is true about credit unions?
Options
- AThey offer lending rates similar to other financial institutions.
- BThey are not-for-profit organizations.
- CTheir deposits are insured by the FDIC.
- DThey can only be chartered by state agencies.
How the community answered
(39 responses)- A13% (5)
- B77% (30)
- C3% (1)
- D8% (3)
Community Discussion
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