PLEASE ANSWER!

1. The balance sheets of savings institutions consist mostly of:

A. consumer loans and high quality corporate bonds

B. Residential mortages and corporate bonds

C. Residential mortages and time deposits.

2. Bank liabilities consist mostly of:

A. Reserves

B. Demand and time deposits

C. Real Estate and commercial loans

3. Which of the following statements is correct? [I] Most commercial banks in the United States are chartered by the states [II] All national banks must be insured by the FDIC [III] It is NOT mandatory for state banks to be members of the Federal Reserve System [IV] Banks, which are members of the Federal Reserve System hold the bulk of bank deposits in the United States [V] The FDIC insures both commercial banks and thrift institutions

4. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 set up which agency to liquidate the assets of failed savings and loans? Note: this agency was later dissolved in 1995

a. The resolution trust corporation (RTC)

b. the office of thrift supervision (ots)

c. the federal deposit insurance corp (FDIC)

5.Under the Basel standards, Tier 1 capital comprises

a. common stock, retained earnings, and non cumalitve and non redemeemable preferred stock

b. common stock, retained earnings, and all forms of perferred stock

c. common equity, cumulative preferred stock, and long term debentures

d. none