Q1. Which of the following statements about credit unions is true? A)None of the above statements about credit unions is true. B)The major responsibility of credit unions is to manage investments for their members. C)There are fewer than 500 credit unions in the entire United States. D)Credit unions are for-profit institutions. E)Credit union members typically have nothing in common with each other. Q2. In its role as lender to member banks, the Federal Reserve is called the: A)government exchange B)banker's bank C)customized bank D)national bank E)national creditor Q3. A_____ is a nonprofit, member-owned financial cooperative. A)commercial bank B)savings and loan association C)savings bank D)credit union E)thrift institution