Which of the following financial institutions are considered to be owned by their depositors?
A) Commercial banks and savings and loan associations
B) Savings and loan associations and mutual savings banks
C) Mutual savings banks and credit unions
D) Credit unions and pension funds
E) Pension funds and savings institutions
Answer: C
Explanation: C) These are the co-owned institutions. The others are owned by the investors.
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You know that the advantages of having a will likely outweigh the disadvantages associated with probate. Which is not a disadvantage of probate?
A) Legal fees and court costs must be paid. B) The will is validated. C) There are typically executor fees for settling the estate (unless the executor is a family member who chooses only to be reimbursed for expenses). D) Costs of probate can equal 1 to 8 percent of the value of the estate. E) The process may be slow, particularly if someone challenges the will.
________ is an appraisal format that asks supervisors to make judgments about an employee's performance based solely on performance standards
Fill in the blank with correct word.