question archive Which of the following is FALSE about credit unions? a
Subject:FinancePrice:2.86 Bought20
Which of the following is FALSE about credit unions?
a. |
It is excempt from federal income tax |
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b. |
Are member-owned financial cooperatives |
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c. |
Are non-profit |
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d. |
Provide full services to members including interest-bearing checking accounts and short-term loans |
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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 |
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b. |
Refers to the exchange of goods/services for others |
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c. |
Had as a disadvantage the lack of common measures |
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d. |
One of its disadvantages was the lack of divisibility |
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e. |
It is an old practice that dates back to the beginning of the Industrial Revolution (circa 1760) |
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