Which of the following statements about banks is false?
A) They play a critical role in the economy.
B) They provide a place where individuals and businesses can invest their funds to earn interest with a minimum of risk.
C) They make loans, and are therefore very different from other financial institutions like finance companies and insurance companies.
D) They indirectly issue money in the form of deposits.
Correct Answer:
Verified
Q8: Which of the following is least likely
Q9: Account executives work for
A) commercial banks.
B) securities
Q10: The Federal Reserve
A) is uninvolved with banks.
B)
Q11: Retail CDs are most likely marketed by
A)
Q12: A securities dealer, or trader, earns a
Q14: An insurance company economist would
A) forecast interest
Q15: A _ will review a commercial bank's
Q16: The primary job of a financial economist
Q17: The definition of money does not refer
Q18: A salesperson does not
A) monitor market conditions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents