Question 1

The total financial assets for savings and loans plus savings banks was over $2 .8 trillion in 2006.

Accepted Answer

False

Question 2

As of 2005, global membership in credit union is just over 157 million people of which almost 85 million reside in the United States.

Accepted Answer

As of 2005, global membership in credit unions indeed surpassed 157 million people, with nearly 85 million of these members residing in the United States, reflecting the significant role credit unions play in the U.S. financial system.

Question 3

There are around 9500 credit unions in the United States as of 2005.

Accepted Answer

As of 2005, there were approximately 8,600 credit unions in the United States, not 9,500. The number of credit unions has been decreasing over the years due to mergers and consolidations.

Question 4

From 1996 to 2000, what happened to the following three statistics? Total financial assets reported at year-end
Total deposits reported at year-end
Net income after taxes of U.S. Savings and Loans and Savings banks

Accepted Answer

The answer of From 1996 to 2000, what happened to...

Question 5

Most recently, which of the following thrift institution financial holding companies has the greatest total assets?

Accepted Answer

Washington Mutual, before its collapse in 2008, was the largest savings and loan association in the United States, making it the thrift institution with the greatest total assets among the options listed.

Question 6

From 1995 to 2000, what happened to the following three statistics? Total number of credit unions in the United States
Total number of credit union members in the United States U.S. Credit Union Assets

Accepted Answer

From 1995 to 2000, the total number of credit unions in the United States decreased due to consolidations and mergers within the industry. However, during the same period, the total number of credit union members and U.S. credit union assets both increased, reflecting a growing strength and reach of the remaining credit unions.

Question 7

How did savings and loans get started? How does the history of savings and loans compare with the history of savings banks? Which is the older financial institution?

Accepted Answer

The answer of How did savings and loans get started?...

Question 8

What exactly are "mutuals?"
How do these institutions differ from stockholder-owned depository institutions?

Accepted Answer

The answer of What exactly are "mutuals?"
How do these institutions...

Question 9

Credit unions are one of the fastest growing financial intermediaries in the United States and in many other parts of the world as well. What factors have contributed to this rapid growth?

Accepted Answer

The answer of Credit unions are one of the fastest...

Question 10

What advantages do credit unions have over banks? What disadvantages do they face?

Accepted Answer

The answer of What advantages do credit unions have over...

Question 11

How and why did money market funds begin to appear during the 1970s? What factors have contributed to their recent growth?

Accepted Answer

The answer of How and why did money market funds...

Question 12

Exactly how are money market funds different from banks and credit unions in their behavior and the assets they hold?

Accepted Answer

The answer of Exactly how are money market funds different...

Question 13

If you are a small saver what advantages do money market funds appear to offer you relative to banks and credit unions? What disadvantages?

Accepted Answer

The answer of If you are a small saver what...

Question 14

If only 80 percent of the total of new funds raised will actually be available for making new auto loans, what is the minimum rate of return Axtell must earn in order to at least break even on these new loans?

Accepted Answer

The answer of If only 80 percent of the total...

Question 15

Interest rates are expected to rise substantially in the money market over the next several weeks or months and Stronghold's management is concerned that its relatively low current yield (a seven-day average of 4.05 percent, one of the lowest yields among existing money funds) may result in the loss of many of its more interest-sensitive share accounts. The fund's average maturity is currently at 34 days, also substantially less than the industry's current average maturity of about 45 days.
What steps would you recommend to help Stronghold Money Fund prepare for an apparent impending change in the money fund's condition?

Accepted Answer

The answer of Interest rates are expected to rise substantially...

Quiz 15: Nonbank Thrift Institutions: Savings and Loans, Savings Banks, Credit Unions, and Money Market Funds