16. A(n) is a depository institution that is onned by its deppositors, aho are members of a common organization or association, such as an accupation, a religos group, or a community a. pension fund b. commercial bank c. credit union d. insurance company e mutual fund 17. Which of the following is consistent with maximiding the value of a firm? a. increasing the b. increasing the riskiness of firm c spending large amounts of money perquisites for the managers d. following sound sustainable business practices e. None of the above amount and complexity of financial date reported by the firm 18. All else equal, a decrease in reserve requirements will cause a. state and local govermment expenditures to fal b. inflation expectations to fal c an increase in the Fed Funds rate. d. excess reserves to increase. e. All of the above will occur. 19. The buyer of a foreign currency call option has the a fxed amount of a foregn currency a. right to sell b. right but not the obligation to buy c obligation to buy, only at expiration, d. obligation to buy 20. Other things held constant, if a bond indenture contains a call provision, the yield to maturity (YTM or market interest rate, not the coupon rate) that would exist without such a call provision will generally be the YTM with it. a. Higher than b. Lower than C. The same as d. Either higher or lower, depending on the level of e. Unrelated to premium, than