True/False
Indicate whether the sentence or statement is true orfalse. |
| | 1. | The United States is divided into 10 Federal Reserve districts, with a centralFederal Reserve Bank in each district. |
Numeric Response |
| | 2. | If the bank where you keep your money is a member of the FDIC, your money isprotected up to how much? (in your answer, do NOT use commas or dollar signs; just numbers) __________________
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Completion
Complete each sentence or statement. |
| | 3. | The abbreviation ‘S&L’ refers to what in the banking industry?
Type your answer in the following format capitalizing appropriately:
_________ _______________
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| | 4. | All federal banks must be part of what federal regulatory organization? (youranswer is an acronym and should be in all CAPS).
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Matching |
| | Match the following financial institutions to their respectivedefinitions: a. | Savings and Loane. | Commercial Bank | b. | SavingsBank | f. | FEDBank | c. | Federal Bank | g. | Trust Company | | d. | Credit Union | h. | Consumer FinanceCompany |
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| | 5. | generally deal in or with checking and savings accounts, real estate, trustfunds, all types of loans and investments |
| | 6. | mainly organized to deal with savings accounts and make loans to homebuyers |
| | 7. | banks that specialize in the managing people’s money and property forthem |
| | 8. | specialize in savings accounts and making loans for mortgages |
| | 9. | a type of bank that is formed by workers in the same firm, government agency,labor union, or other agency |
| | 10. | specialize in making loans for durable goods, such as cars, refrigerators, etc.and for financial emergencies; do not accept savings as do banks and other financialinstitutions |