47. Which of the following is true?

a. Finance companies are largely funded by deposits

b. Finance companies can issue loans

c. Finance companies take on less risk than commercial banks

d. Finance companies are regulated to the same extent as commercial banks

48. Which of the following is true about mutual organizations?

a. The liability holders are the owners

b. They generally pursue less risky strategies than similarly-sized corporations

c. It is the organizational type of many savings institutions

d. All of the above are true.

49. The Federal Reserve does all but which one of the following?

a. Insures deposits

b. Conducts monetary policy

c. Supervises and regulates bank activities

d. Operates check clearing and wire transfer facilities

50. Which of the following is true? Circle all that apply

a. Hedge funds are thought of as less-risky than mutual funds.

b. ETFs operate a little more efficiently than mutual funds

c. Hedge funds are just as transparent as mutual funds.

d. Hedge funds have the same investment minimum as ETFs