2. Which of the following statements about credit unions and building societies is true?a) They often draw their membership from a particular industry or section of thecommunity.b) They are generally major public companies with millions of shareholders, many ofwhom are not customers.c) All members are paid a share of any profits that are made.d) They are permitted to make small loans to members but cannot provide financefor home or property purchases.

A credit union is a financial institution that is owned by its members. True False

Credit Unions are examples of: Group of answer choicesPrivate CompaniesNon-profit OrganizationsPublic CompaniesGovernment Agencies

Which of the following statements are FALSE? Select all that apply.  A nominee shareholder may not be a company   The ‘chain of corporate entities’ may be located in different jurisdictions or countries

Which of the following statements are FALSE? Select all that apply.Group of answer choicesA shareholder of a company may hold shares beneficially or as nominee in AustraliaThe ‘chain of corporate entities’ may be located in different jurisdictions or countriesA nominee shareholder may not be a companyPeople with an interest in a company are defined as those who own 25% or more of the sharesIn Australia, a bearer share certificate can be used to transfer legal and beneficial ownership of an Australian company

Which of the following statements about shareholders and bankers is true?They are part of the core operations of a company.They are interested in assessing a company’s return on investment.The amount invested by the shareholders and bankers can be traced on a company’s income statement.The amount of money invested by the shareholders and bankers are classified as shareholder’s equity.