322-15

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Author:
SAngell3
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223250
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322-15
Updated:
2013-06-10 13:39:10
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322 15
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322-15
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  1. As of 2009, credit unions in the United States held over $850 billion in assets.  

    A) True  
    B) False
    A) True  
  2. As of 2006, over $2 trillion was held in money market funds in the United States.  

    A) True  
    B) False
    A) True
  3. Credit unions can make up to 10-year maturity loans for credit cards and unsecured loans.  

    A) True  
    B) False
    B) False
  4. According to the textbook, some savings and loan associations have branched out to become mortgage bankers or family financial centers because the traditional savings and loan business model will not work in today's volatile economic environment.  

    A) True  
    B) False
    A) True  
  5. Money market funds face competitive disadvantages relative to other depository institutions, such as not being insured by an agency of the U.S. government.  

    A) True  
    B) False
    A) True  
  6. First- and second-mortgage loans, as well as home equity loans, account for more than ______ of credit union loans.  

    A) one-fifth  
    B) one-third  
    C) three-quarters  
    D) one-half  
    E) none of the above
    B) one-third  
    (this multiple choice question has been scrambled)
  7. As of 2005, there were approximately _______ credit unions in the United States.  

    A) 7,500  
    B) 8,800  
    C) 10,500  
    D) 12,300  
    E) none of the above
    B) 8,800  
    (this multiple choice question has been scrambled)
  8. The three most important institutions in consumer installment lending in the United States, in order, are:  

    A) finance companies, commercial banks, and credit unions.  
    B) savings banks, commercial banks, and credit unions.  
    C) commercial banks, finance companies, and credit unions.  
    D) commercial banks, savings banks, and credit unions.  
    E) none of the above
     
    C) commercial banks, finance companies, and credit unions.
    (this multiple choice question has been scrambled)
  9. An increasing number of savings and loan institutions are converting to:  

    A) private firms.  
    B) partnerships.  
    C) stockholder-owned firms.  
    D) sole proprietorships.  
    E) none of the above
    C) stockholder-owned firms.  
    (this multiple choice question has been scrambled)
  10. There are several hundred savings banks in the United States and the main asset that they hold is:  

    A) municipal bonds.  
    B) US treasuries.  
    C) corporate bonds.  
    D) mortgages.  
    E) none of the above
    D) mortgages.  
    (this multiple choice question has been scrambled)

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