1.

The decline in the number of banks in the mid- and late 1980s

Select one:

a. can be attributed to the reduction in number of banks seeking federal charter.

b. can be attributed to the limitations imposed by Federal Deposit Insurance Corporation.

c. can be attributed to the increased number of bank failures.

d. can be attributed to the increased number of bank mergers.

2.

Mutual funds are regulated by the

Select one:

a. Fed.

b. SEC.

c. FDIC.

d. FTC.

3.

State chartered banks that are members of the Federal Reserve System

Select one:

a. need not obtain deposit insurance.

b. must also obtain FDIC insurance.

c. need not be insured by the FDIC.

d. None of the above

Clear my choice

4.

Mutual funds

Select one:

a. None of the above

b. are financial institutions that provide protection against mutually adverse development.

c. are financial institutions that design, market, and underwrite new issuances of securities in the primary market.

d. acquire and pool funds together from the public, invest those funds in different financial instruments, and then return the income minus investment fee to the investors.

5.

Commercial and savings banks assert that credit unions have an unfair advantage over them because

Select one:

a. credit unions are exempt from federal taxation.

b. credit unions are small and able to exert influence in the local community.

c. credit unions provide loans and accept deposits like commercial banks.

d. None of the above

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Please answer ALL correctly!

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