When a financial institution is a mutual association, it means that it is owned by the Group of answer choices local government. borrowers. management. depositors. creditors.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter15: Mutual And Exchange Traded Funds
Section15.2: Mutual Fund Objectives
Problem 2CC
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When a financial institution is a mutual association, it means that it is owned by the
Group of answer choices
local government.
borrowers.
management.
depositors.
creditors.
 
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