1.commercial banks benefited from the growth of the junk bond market in the 1980s. a) true b) false.

2.commercial banks typically have high rates of return on assets (roa) a) true b) false.

3.for commercial banks, non-interest income less non-interest expense is typically a large negative number.

a) true b) false.

4. for commercial banks, interest income less interest expense is typically a large negative number.

a) true

b) false.

5. for commercial banks, interest income less interest expense is typically a large negative number.

a) true

b) false.

6. bank management aims at profit maximization to the exclusion of other goals.

a) true

b) false.

7. an appreciation of the dollar benefits u.s. consumers.

a) true

b) false.

8. reverse mortgages provide the borrower with a monthly cash inflow.

a) true

b) false.

9. prior to the 1920s, u.s. banking regulations discouraged mortgage lending by banks.

a) true

b) false.

10. adjustable rate mortgages shift interest rate risk from the borrower to the lender.

a) true

b) false.