1. Credit unions which could accept deposits and loans similar to banks cater to the needs of private entities more than its members to generate more sources of revenues

A. True

B. False

2. Given that yields are trending downward, a bank should increase credit activity to take advantage of such interest rate environment.

A. True

B. False

3. Eurodollar account is a US Dollar denominated deposits at banks outside of the United States which deliberately escaped the regulation of Federal Reserve Board.

A. True

B. False