FINA 365 CH 1-2 MC

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Nondepository financial institutions are represented by all of the following EXCEPT A. insurance companies. B. mutual funds. C. finance companies. D. credit unions. E. securities firm

D

The federal government has traditionally extended safety nets to DIs consisting of A. deposit insurance, discount window borrowing, and reserve requirements. B. deposit insurance and discount window borrowing. C. deposit insurance, unemployment insurance, and discount window borrowing. D. deposit insurance, open market operations, and discount window borrowing. E. deposit insurance protection.

B

Depository financial institutions include all of the following EXCEPT A. commercial banks. B. savings banks. C. investment banks. D. credit unions. E. all of the above are depository institutions.

C

Which of the following is NOT a major function of financial intermediaries? A. Brokerage services. B. Asset transformation services. C. Information production. D. Management of the nation's money supply. E. Administration of the payments mechanism.

D

Which of the following statements is FALSE? A. A financial intermediary specializes in the production of information. B. A financial intermediary reduces its risk exposure by pooling its assets. C. A financial intermediary benefits society by providing a mechanism for payments. D. A financial intermediary may act as a broker to bring together funds deficit and funds surplus units. E. A financial intermediary acts as a lender of last resort.

E


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