Solved

Credit Unions Were Generally Less Affected Than Other Depository Institutions

Question 88

Multiple Choice

Credit Unions were generally less affected than other depository institutions by the recent financial crisis because


A) they had relatively more assets in consumer loans than other DIs.
B) they had relatively more residential mortgages.
C) they hold more government and agency securities, on average.
D) they hold less government and agency securities, on average.
E) they had relatively more assets in consumer loans than other DIs and they hold more government and agency securities, on average.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions