Question
1. Income earned by a commercial bank on its loans and bond investments is typically categorized as _____________________ on its income statement. a Nonoperating income
1. Income earned by a commercial bank on its loans and bond investments is typically categorized as _____________________ on its income statement.
a Nonoperating income
b. Noninterest income
c. Fee income
d. Other income
e. Interest income
2. Which of the following instrument would experience a rate change if there was a change in market interest rate?
a. 15-year Fixed rate mortgage
b. 5-year Variable rate bond (adjusted quarterly)
c. Preferred stock
d. Common stock
e. 5-year Fixed rate bond
3. Which of the following financial institution typically has the largest concentration of mortgages?
a. Savings Bank
b. Credit Union
c. Investment Bank
d. Insurance Company
e. Commercial Bank
4. Which of the following financial services firms are least regulated?
a. Mutual Funds
b. Insurance Companies
c. Pension Funds
d. Credit Unions
e. Finance Companies
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