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QUESTION 5 The growing similarity of products and services offered by savings and loan associations, mutual savings banks, credit uniors, and commercial banks is primarily

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QUESTION 5 The growing similarity of products and services offered by savings and loan associations, mutual savings banks, credit uniors, and commercial banks is primarily the result of 0 the Financial Institutions Reform, Recovery, and Enforcement Act he Depository Institutions Deregulation and Monetary Control Act the Norris-LaGuardia Act O the FDIC Improvement Act QUESTION 6 Checks drawn on banks that do not participate in a bank's local clearing house or exchange are referred to as remote kems O True Faise QUESTION 7 Which of the following is major difference between Fedwire and CHIPS? Fedwire is a wire transter system while CHIPS is an automated clearinghouse Fedwire is a technicaly acommunications network while CHIPS is a tunds transfer system CHIPS nets payments bilaterally while Fedwire does not None of the above Click Save and Submir to save and suben. Click Save All Ansvers to save all answers Save Al Ans 3 4 9

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