1. Credit Unions are chartered at the federal level by:

A.FDIC

B.The Federal Reserve

C.NCUA

D.OCC

E.SAIF

2.Credit Unions primarily lend to:

A.customers of particular manufacturers

B.finance companies

C.individuals

D.small businesses

E.a variety of financial institutions

3.While finance companies enjoy several advantages over banks, which of the following is not one of those advantages?

A.Finance companies can accept riskier customers than banks.

B.Finance companies can offer various types of products and services without

as much regulatory interference.

C.Finance companies generally have lower overhead than banks.

D.Finance companies have lower funds costs than banks.

E.Many finance companies have considerable knowledge and expertise about

specific industries and products.

4.A ___________ is a finance company that lends to high-risk borrowers.

A.captive finance company.

B.financial holding company.

C.prime lender.

D.QTL firm.

E.sub-prime lender.

5.A lending institution that is a subsidiary of a larger organization, extending credit to customers of that larger organization is called a _____________.

A.business credit institution

B.captive finance company

C.factor

D.floor plan agency

E.subprime lender