Savings institutions must have at least 65 percent of their assets in mortgage-related areas in order to maintain their thrift charter.
Correct Answer:
Verified
Q11: Sales finance institutions specialize in loan sales
Q12: In a mutual organization,the depositors are owners
Q13: Credit unions are not taxed and,as a
Q14: Because of the differences in the makeup
Q15: Factoring is the term used when a
Q17: There are more credit unions than other
Q18: Traditionally,most credit union members had a common
Q19: Generally,a captive finance company is wholly owned
Q20: On average,finance companies have higher capital-to-total-asset ratio
Q21: Factoring is
A)equipment leasing.
B)servicing mortgage factors.
C)purchasing corporate accounts
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