Log in
Economics
1
answer
0
watching
293
views

What is a major advantage of using credit unions?
 
(i) They are part of the union process. 
(ii) They offer more services than banks. 
(iii) They offer lower interest rates for savers. 
(iv) They offer lower interest rates for borrowers.

Watch
1
answer
0
watching
293
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Tod Thiel
Tod ThielLv2
30 Mar 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which of the following is a unique feature of credit unions? 
 
(i) Credit unions are typically owned and run by their members.
(ii) Credit unions limit membership to certain people or groups.
(iii) Credit unions offer a wide variety of banking services.
(iv) Both (i) & (ii)

Which of the following is a unique feature of credit unions? 

 

(i) Credit unions are owned and operated by their participants. 

(ii) Credit unions provide a huge variety of financial products and services akin to the banks. 

(iii) Credit unions can have a large pool of members as membership is not restricted to certain groups or communities. 

(iv) Both A and C.

 

Answer the following questions: (Do not attempt if you cannot answer all)

1) Which of the following is true?

Select one:

A. Financial intermediaries transform claims in the process of channeling funds.

B. Securities firms transfer, but do not transform, claims in the process of channeling funds.

C. Both of the above.

D. None of the above.

2) A large domestic bank with headquarters in New York City that provides international lending and payment services to large, multinational business firms is most likely to be a:

Select one:

A. Money Center Bank

B. Regional Bank

C. Mid-Market Bank

D. Community Bank

3) Which of the following is true regarding bank charters?

Select one:

A. All U.S. commercial banks must be chartered in order to operate.

B. All U.S. banks must be federally chartered.

C. National banks are chartered by the Federal Reserve.

D. All of the above.

4) Which of the following is characteristic of fractional reserve banking?

Select one:

A. Restricting the access of depositors to money in their passbook savings accounts.

B. Maintaining sufficient bank reserves to cover all outstanding loans.

C. Making only long-term loans to both consumers and businesses.

D. None of the above.

5) When an investment bank underwrites a new security offering it

Select one:

A. makes a loan to the issuing firm.

B. sells securities to a company in need of capital.

C. transforms the claims of the issuing firm.

D. purchases the new securities and resells them to investors.

6) Which of the following is true of securities dealers?

Select one:

a. They are active in the secondary market, buying and selling previously issued securities.

b. They may own securities, which they inventory prior to selling to investors.

c. They may be involved in the distribution process for a new securities issue.

d. All of the above.

7) Which of the following statements is true regarding credit unions?

I. Credit unions specialize in making home mortgage and auto loans
II. Credit unions are tax-exempt institutions
III. Credit unions do not offer any insurance protection against the loss of member deposits

Select one:

a. I only

b. I and II only

c. I and III only

d. II and III only

8) The two broadest groups of financial institutions in the U.S. can be classified as

Select one:

a. financial intermediaries and securities firms.

b. depository and non-depository intermediaries.

c. commercial banks and thrift institutions.

d. money market firms and capital market firms.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in