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22. Nationally chartered banks recelve chartering and merger approval from the: a) Office of Thrift Supervision. b) Federal Deposit Insurance Corporation. c) State Banking Commissions.

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22. Nationally chartered banks recelve chartering and merger approval from the: a) Office of Thrift Supervision. b) Federal Deposit Insurance Corporation. c) State Banking Commissions. d) Ofice of the Comptroller of the Currency. e) Federal Reserve System. 23. When comparing the financial services industry in terms of percentage of industry assets from the early 1900 s to the present, a) The commercial banking industry accounts for the same percentage of assets as they did 100 years ago. b) The thrift industry is much larzer now. c) Finance companies hold a smaller share of the market than they did 100 years ago. d) None of the other answers is correct for this question. e) Investment companies (mutual funds) hold about the same percent of assets now that they did 100 years azo. 24. and allow a financial intermediary to offer safe, liquid liabilities such as deposits whille investing the depositors' money in riskler, illiquid assets. a) Primary markets; foreign exchange markets b) Monitoring diversification c) Diversification; high equity returns d) Free riders; regulations e) Price risk; collateral 25. Which of the following is a money market instrument? a) Corporate debenture bonds. b) US Treasury Bonds. c) Commerclal paper. d) Municipal bonds. e) Corporate common stock. 26. Depository Institutions (Dis) play an important role in the transmission of monetary policy from the Federal Reserve to the rest of the country primarily because: a) U.S. Dis compete with foreign financial institutions. b) Loans to corporations are part of the money supply. c) Thrifts provide a large amount of credit to finance residential real estate. d) Bank and thrift loans are tightly regulated. e) DI deposits are a major portion of the money supply

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