1. Which of the following is true regarding bank charters?

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

II. All U.S. national banks are chartered by the Office of the Comptroller of the Currency

III. In most cases, state banks are chartered by the Federal Reserve System

Select one:

A.I only

B.I and II only

C.I and III only

D.I, II, and III

2. Which of the following are considered to be loanable funds?

Select one:

a.Corporate bonds, preferred stock, and consumer loans

b.Bank credit, mutual funds, and treasury securities

c.Commercial paper, consumer loans, and corporate bonds

d.Mutual funds, preferred stock, and treasury securities