A bank is an entity that A) qualifies for FDIC deposit insurance B c) accepts demand deposits D all these answers are correct E makes business loans channels funds from savers to borrowers.
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A bank is an entity that A) qualifies for FDIC deposit insurance B c) accepts demand deposits D all these answers are correct
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- Bank does not provide this service: a. ATM b. online banking c. debit card insurance d. credit card insurance e. overdraft protection What are the reasons to save? a. future Purchases b. Emergencies c. Future Investments d. Compounding e. All of the aboveIt is a form of guarantee given by a reputable bank. If the borrower defaults in paying, the investor has legal recourse to the bank. a. Repurchase agreement b. Banker acceptance c. Certificate of deposit d. Commercial paperA market where loans are made to borrowers a- Transaction costs b- Fiancial inventory c- Reserves d- loan market
- An advantage that money has over other assets is that it: a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value over time d. Has lower transaction costs to use as a means of payment than other assetsWhich of the following is a personal financial asset? a. A payday loan b. A mortgage loan c. A savings account d. A credit card balance(b) Banks can create money through their expenses. Banks can create money through their expenses. Is this statement true, false or unclear? Please explain.
- An automobile is an asset, but it is not liquid because: a. The automobile may not be in good repair b. The owner may still be making payments on the loan c. The automobile cannot be sold without a loss in value d. The transactions costs for the used automobile market are highWhich type of short-term loan is secured with Treasury bills as collateral? A. Commercial paper B. Repurchase agreements C. Certificates of deposit D. Federal fundsA $500 deposit into a checking account increases checkable deposits by $500, and increases the bank's ________ by $500. A) loans B) reserves C) capital D) securities