Credit unions:
A) are not subject to capital regulation.
B) can issue ordinary shares to meet their required capital.
C) carry more capital relative to their risk-weighted assets than banks.
D) can include shareholders' equity in the regulatory capital.
Correct Answer:
Verified
Q34: The major class of assets for building
Q35: When interest rates increase the building societies
Q36: Credit union capital predominantly consists of:
A)retained profits.
B)reserves.
C)ordinary
Q37: Finance companies obtain most of their funds
Q38: The major assets of building societies are:
A)mortgage-backed
Q40: Which of the following statements is NOT
Q41: Payday lenders are finance companies that:
A)finance goods
Q42: Factoring is the purchase by:
A)a finance company
Q43: A revolving credit secured with a second
Q44: Floor-plan financing is:
A)residential financing for building new
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