Question
Which of the following is a TRUE statement about savings institutions? Group of answer choices Savings institutions were adversely affected by the credit crisis of
Which of the following is a TRUE statement about savings institutions?
Group of answer choices
Savings institutions were adversely affected by the credit crisis of 2008-09 because of their exposure to corporate loans.
Because savings institutions commonly use long-term liabilities to finance short-term assets, they depend on additional deposits to accommodate withdrawal requests.
Most mortgages originated by savings institutions are for single-family homes or multifamily dwellings.
The insuring agency for savings institutions is the Federal Deposit Insurance Corporation (FDIC).
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
