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General Business 106 > Checkup 3 > Flashcards

Checkup 3 Flashcards

1
Q

Savings and loan associations are regulated by ________________________. (FHLBS)

A

Federal Home Loan Bank System

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2
Q

mutual savings banks are primarily in __________ states

A

industrial

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3
Q

credit unions are part of what organization?

A

fraternal organization

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4
Q

pension funds are growing _____________ly

A

rapid

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5
Q

investment bankers ________ funds

A

channel

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6
Q

life insurance companies are investment ________________________

A

premium income

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7
Q

Mutual savings banks are usually regulated by the _________________ state.

A

chartering

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8
Q

The majority of the savings deposits of savings and loan associations are invested in ____________________ loans.

A

mortgage

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9
Q

Private placement refers to the ____________ sale of securities by the issuer to a buyer.

A

direct

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10
Q

The deposits of most mutual savings banks are insured by the _________________________________.

A

Federal Deposit Insurance Corporation

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11
Q

The Federal Savings and Loan Insurance Corporation was established by the ________________________________ in 1934.

A

National Housing Act

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12
Q

Savings and loan associations do not make _____________________ nor accept _________________________.

A

consumer loans; demand deposits

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13
Q

Three fourths of all mutual savings banks are located in three states: _______________________, __________________, and _____________________________________.

A

Massachusetts, New York, and Connecticut

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14
Q

Depositors in mutual savings banks have the legal status of _________________.

A

creditors

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15
Q

Most mutual savings banks were founded prior to ________________.

A

World War II

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16
Q

Life insurance companies contribute to the growth of the economy through the extension of ________________ to individuals.

A

policy loans

17
Q

________________ make inventory loans to both retailers and wholesalers.

A

Sales finance companies

18
Q

The interest rate on savings deposits in savings and loan associations is usually higher than interest on __________________________.

A

commercial bank savings deposits

19
Q

Mutual savings banks must be members of the Federal Home Loan Bank System. (True or false?)

A

False

20
Q

Investment bankers accept time deposits but not demand deposits. (True or false?)

A

False

21
Q

A syndicate is a group of investment bankers who join together to underwrite and sell a __________.

A

security issue

22
Q

Investment bankers usually underwrite _________ issues on a best efforts basis.

A

security

23
Q

Private placement refers to a direct consumer loan from a commercial bank. (T or F?)

A

False

24
Q

Savings banks were called mutual savings banks because all shareholders share equally. (T or F?)

A

False

General Business 106 (7 decks)

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