S&L members do not have voting rights is a false statement.
<h3>Who are Savings and loan association?</h3>
A savings and loan association (S&L), or thrift institution, exists as a financial organization that specializes in accepting savings deposits and creating mortgages and other loans.
S&Ls place a stronger focus on residential mortgages, whereas commercial banks tend to focus on working with large companies and on unsecured credit services (such as credit cards). Commercial banks can be chartered at either the condition or federal level. The same stands true for S&Ls.
The terms "S&L" or "thrift" are primarily utilized in the United States; equivalent institutions in the United Kingdom, Ireland, and some Commonwealth countries contain building societies and trustee savings banks. They exist often mutually owned (often named mutual savings banks), indicating that the depositors and borrowers exist as members with voting rights, and can direct the financial and managerial purposes of the association like the members of a credit union or the policyholders of a mutual insurance company.
While it exists possible for an S&L to be a joint-stock company, and even publicly traded, in such instances, it exists no longer a mutual association, and depositors and borrowers no longer maintain membership rights and managerial authority. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their emphasis on the mortgage and consumer loans creates them specifically vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
Hence, S&L members do not have voting rights is a false statement.
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Answer:
B. continuous innovation
Explanation:
Based on the information provided within the question it can be said that this new innovation is an example of continuous innovation. This term refers to a new innovation added to an existing product, in which the change is implemented to an existing aspect of the product. Which in this scenario the part that was adjusted/changed was the patented "Quadpacer" interval timer, which was added the ability to alert users to change quadrants every 30 seconds.
Answer:
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Answer:
I think the answer is...... A.You can ask to get out of your loan.
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Explanation:
Answer:
as part of other income.
Explanation:
A bond's interest income is obtained by multiplying the carrying amount and the market interest rate. Bonds pay interest to the bondholder and when the security is mature it pays off the principal invested. Interest payments are not fixed but rather vary with level of earnings of the company.
Interest revenue on bonds is considered as part of other income because it is income realised from non operating activities, so it cannot be classified as operating income.