Question 1 .2 out of 2 points Correct The Monetary Control Act:
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Selected Answer: extended the Fed’s control to thrift institutions and non-member commercial banks
Correct Answer: extended the Fed’s control to thrift institutions and non-member commercial banks . Question 2 .2 out of 2 points Correct Commercial banks obtain the bulk of their loanable funds from:
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Selected Answer: depositors
Correct Answer: depositors . Question 3 .2 out of 2 points Correct The holding-company device to control two or more commercial banks:
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Selected Answer: has increased in importance in recent years
Correct Answer: has increased in importance in recent years . Question 4 .2 out of 2 points Correct The primary purpose of this Act was to aid the savings and loan industry
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Selected Answer: Garn–St. Germain Depository Institutions Act
Correct Answer: Garn–St. Germain Depository Institutions Act . Question 5 .2 out of 2 points Correct The item on the liabilities and equity section of a bank’s balance sheet that represents the smallest proportion of bank’s assets is:
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Selected Answer: owner’s capital
Correct Answer: owner’s capital . Question 6 .2 out of 2 points Correct The Federal Deposit Insurance Corporation Improvement Act of 1991:
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Selected Answer: required that failed banks be handled in such a way as to provide the lowest cost to the FDIC
Correct Answer: required that failed banks be handled in such a way as to provide the lowest cost to the FDIC . Question 7 .2 out of 2 points Correct The most basic functions of depository institutions are:
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Selected Answer: accepting deposits and granting loans
Correct Answer: accepting deposits and granting loans . Question 8 .2 out of 2 points