The original purpose of savings institutions was to accept:
A) savings deposits and make mortgage loans.
B) checking deposits and make household loans.
C) all household deposits and make personal loans.
D) savings deposits and make all household loans.
Correct Answer:
Verified
Q2: Subprime lenders do not include:
A)pawn shops.
B)credit unions.
C)payday
Q3: Credit unions make:
A)small personal loans.
B)automobile loans.
C)mortgage loans.
D)All
Q4: Subprime lenders include:
A)pawn shops.
B)loan sharks.
C)payday lenders.
D)All of
Q5: Low-income and high-risk borrowers may have to
Q6: A finance company:
A)underwrites large capital investments.
B)does not
Q8: Community banks are in no danger of
Q9: Companies that make small loans to people
Q10: Since 1984, the number of banks in
Q11: The three main types of banks are:
A)commercial,
Q12: Subprime lenders include:
A)commercial banks.
B)pawn shops.
C)credit unions.
D)All of
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