Business final exam ch 15

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Insurance policy holders make premium payments to buy financial protection. Insurance companies invest the premiums in:

All of the above

Credit cards:

Are accurately Described by all of the above

National banks:

Are accurately described by all of the above

Cupcakes, hamburgers, and cut flowers would not make good medium of exchange because they like the Key characteristic of:

Durability

The Federal deposit insurance Corporation (FDIC):

Is accurately described by all of the above

Which of the following is not one of the key characteristics required in order for money to be an acceptable medium of exchange?

Profitability

_________ are two types of thrift institutions.

Savings banks and savings loan associations

When Hadley Jones wanted to buy a truck so he could get to and from his job in a nearby community, his credit rating was poor. Jones found that the only place he could get a loan was from a(n) ______ finance company.

Consumer

A checking account is also commonly referred to as a:

Demand deposit

In the process of financial intermediation, households, businesses, and governments can all be categorized as:

Demanders of funds

Financial institutions can be divided into two broad categories. These are ________ institutions.

Depository and non-depository

The banking act of 1933 gave the federal reserve system the authority to:

Do all of the above

Which federal agency is responsible for processing and clearing checks between financial institutions?

Federal reserve

Financial institutions act as intermediaries between suppliers and demanders of funds. They except savers deposits and invest them in such things as business loans or mortgages. This process is called:

Financial intermediation

Dakota mining company pays its bills and employees with checks drawn on a bank from another part of the country. Checks usually take about three days to clear the firms account. __________ Is the advantage gained during the check-clearing time.

Float

Hal Silverstein has a savings account, also called a_______ ,at his local credit union

Time deposit

__________ our deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty.

Time deposits

Competing against foreign banks can be difficult for US banks because

Foreign banks are subject to fewer regulations than US banks

To stimulate the economy, the federal reserve can:

Lower the reserve requirement

Thrift institutions were formed specifically to encourage household savings and to:

Make home mortgage loans

Which of the following statements about credit unions is true?

None of the above statements about credit unions is true.

________ our large pools of money set aside by corporations, unions, and governments for later use and paying retirement benefits to their employees or members.

Pension funds

The power of the federal reserve has to control credit terms on some loans made by banks and other lending institutions is called

Selective credit controls

Thrift institutions:

Were formed specifically to encourage household savings

In its role as lender lender to member banks, the federal reserve is called the:

Bankers bank

Adam Hassib works for the Federal deposit insurance Corporation. He arrives on announced at member banks where he conducts audits of managerial and financial practices. Hassib is a:

Bank examiner

Which of the following is an example of non-depository financial institutions?

Commercial finance companies

For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school supplies would be used as a:

Medium of exchange

__________ is anything (regardless of form) that is acceptable as payment for goods and services.

Money

Boulders, building trusses, and lead ingots would not make good mediums of exchange because they lack the key characteristic of:

Portability


संबंधित स्टडी सेट्स

MAN 1 Chapter 7 (Innovation and Change)

View Set

Chapter 9: Revolutions of Industrialization 1750-1900

View Set

Ch 18: Caring for Pts with Cancer, Chapter 18: Caring for Clients with Cancer, Chapter 18 - Caring for Clients with Cancer, Chapter 18: Caring for Clients with Cancer Prep -U, Chapter 18: Caring for Clients with Cancer Prep -U, Chapter 18, Chapter #1…

View Set

ch 17 (002) transcription, RNA processing, and translation

View Set

Chapter 8 - Sugar: The simplest carbohydrate

View Set