20.

The _____ has the authority to approve or disapprove mergers between banks and the formation of bank holding companies.

New York Federal Reserve Bank

Federal Savings and Loan Insurance Corporation

Federal Reserve Board

Federal Deposit Insurance Corporation

National Credit Union Administration

Bottom of Form

21.

Commercial banks are:

often called "thrifts."

owned and controlled by its depositors.

financial institutions that solely offer mortgages.

the smallest of all financial institutions.

the oldest of all financial institutions.

22.

A _____ is a financial institution owned and controlled by its depositors, who usually have a common employer, profession, trade group, or religion.

credit union

local bank

savings and loan association

mutual fund

pension fund