Which of the following is an example of maturity transformation?
A) Anne sells her house for $200,000 and uses the money to open a bakery.
B) Matthew sells his car and uses the money to pay college tuition.
C) Justin takes $10,000 from his savings account and uses it to buy some Apple stock.
D) Michael closes his checking account at Bank of America and opens a checking account at a local credit union.
Correct Answer:
Verified
Q2: Most funds received by depository banks are:
A)borrowed
Q3: A shadow bank is a:
A)branch of the
Q4: Lehman Brothers was established by Henry Lehman
Q5: The existence of banks:
A)increases the severity of
Q6: Depository banks borrow from depositors primarily on
Q7: One of the first forms of paper
Q8: Which of the following is an example
Q9: The first bankers were:
A)farmers.
B)merchants who engaged in
Q10: Assets that offer a _ rate of
Q11: Most of a bank's assets are:
A)loans from
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