A financial institution that is owned by its members and offers them banking services and ovides mortgage lending is referred to as a/an
Q: A credit union is an example of: Select one: a.
A: A credit union is an important type of financial institution. It is very much similar to a…
Q: the lending operation, how many types of loans security?
A: In lending operations banks for their safety of loans ask for some collateral.You have to provide…
Q: All institutions and procedures for bringing buyers and sellers of shares, debentures, bonds,…
A: Financial market means the market where buyer and seller of securities meet.
Q: Explain the possible IFRS treatment of bank loans.
A: IFRS is international finance reporting standards will replace with Accounting standards 39.
Q: Describe some of the motives and mistakes made by the mortgage brokers?
A: To market and attract new borrowers for the lenders Assessment of credit history of the borrowers.…
Q: Commercial loan agreements should contain which of the following: a. representations b. fees and…
A: A commercial loan agreement is an agreement between the borrower and the lender. The lender provides…
Q: Explain in detail and with examples why the functioning of mortgage institutions could be considered…
A: Mortgage institutions are the companies that are mainly into the production of mortgage loans, be it…
Q: Mortgage Bankers provide all of the following functions EXCEPT: originate mortgage loans, provide…
A: Mortgage bank used to specialize for lending the funds, which are against the mortgage regarding the…
Q: Contractual savings institutions include: a.Commercial Banks b.Credit Unions c.Savings and Loans…
A: Contractual savings institutions are intermediaries that purchase money on a contractual basis and…
Q: Name two ways that FNMA currently finances its secondary mortgage operations.
A: The question is based to study the source of funding for the Federal National Mortgage Association…
Q: describe how a bank or other lender might secure itself after making a business loan by filing a…
A: UCC- Uniform Commercial Code -1 statement - Under the UCC , UCC-1 are required for all business…
Q: referred as the borrowed money from a bank or other lending institutions/persons that can be used…
A:
Q: what are two types of credit
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Classify the following items as (1) on-balance-sheet assets, (2) on-balance sheet liabilities, (3)…
A: Off-balance sheet items include the items that are not represented in the balance sheet. Whereas,…
Q: y banks to qualified borrowers * investment unsecured loans stand
A: Step 1 Customers can get unsecured loans from various lenders across the country. Several…
Q: Bank loans often are arranged under existing lines of credit. What is a line of credit? How does a…
A:
Q: When selecting a financial institution, you should consider: (select all that apply) fees for…
A: Financial institutions are the entities providing financial services in the nature of accepting…
Q: Explain the differen
A: Banks are the financial institutions of a county that provides loans, accept deposit from the public…
Q: The negotiable certificate of deposits issued by banks will lock in the following EXCEPT *…
A: A negotiable certificate of deposit often known as a jumbo CD, is a CD having a minimum face value…
Q: Which of the following is money kept by the firm with a bank in low-interest or non-interest bearing…
A: Loan is a part of financing in which a bank or institution lends money to the business in exchange…
Q: When borrowers borrow funds from the financial market through a financial intermediary, it is known…
A: Since there are multiple questions, we will answer only first question. If you want remaining…
Q: which of the following source of finance relates to suppliers ? a. Commercial Paper b. Bank…
A: There are various sources of finance
Q: What is the basic obligation of a depositary bank to its depositor
A: Depositor means a person who deposits money into the bank for the purpose of savings. Depositary…
Q: What are the different types of SSS loans?
A: A SSS loan is given in the Philipines, which is majorly divided into three categories.
Q: Describe the role of mortgage bankers and how they earn profits?
A: Mortgage Bankers are people or intermediaries within financial institutions who helped in the…
Q: What are the main types of mortgages issued by financial institutions ?
A: Mortgage means taking title of the borrowers property in exchange of lending money which is repaid…
Q: Who is personal creditor and how the personal creditors can claim their debt from commercial company
A: Creditors are those people or institutions from whom finance is borrowed which is to be paid back.…
Q: Explain The Federal Home Loan Mortgage Corporation?
A: Federal Home Loan Mortgage Corporation is a private corporation which is established with the…
Q: Which is the proper accounting treatment for a mortgage payment?
A: Answer: Option b.
Q: A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan.…
A: Financial asset is a liquid asset which can be easily sold in the market. A financial asset can be…
Q: Differentiate between leasing and long term bank loan as source of finance
A: Banks play an important role in financing; there are various types of bank financing one of them is…
Q: Securitization is the financial practice of pooling various types of contractual debt, such as…
A: Securitization is a process in which a financial institution or any company merges its liquid assets…
Q: True or false? Interest received on loans made to borrowers is an example of an investing activity.
A: The investing activities of the cash flow statement record the amount incurred for purchasing the…
Q: what are two types of credit
A: "We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Name the major types of credit enhancement used for commercial-backed mortgage securities.
A: The commercial mortgage backed securities or CMBS are a class of mortgage backed securities that are…
Q: What is the name given to a subsidiary of a firm that exists solely to handle the credit functions…
A: Captive Finance company is the name given to a subsidiary of a firm that exists solely to handle the…
Q: "Describe what a line of credit involves, and explain the legal obligation of a bank to provide…
A: Line of credit is the understanding between the banks and its customers that defines the maximum…
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- All the following are assets for commericial banks exept: A) loans B)cash C)Deposits D)Investment securitiesQUESTION 8 Classify the following items into assets, liabilities, or owner’s equity. a. Office equipment ______ b. Freehold premises _______ c. Capital _________ d. Mortgage on buildings____ e. Debtors _____ f. Short-term loan _________ g. Long-term loan ________ h. Drawings _________ i. Bank ____________ j. Bank overdraft ________ k. Creditors __________ l. Net profit _____1.1 A loan repayment to a bank would be recorded in the nominal ledger as: a) Dr Bank Cr Capital b) Dr Loan Cr Bank c) Dr Loan Cr Bank d) Dr Bank Cr Reserves
- Which of the following statement is correct ? i. Commercial bank is a Banking Financial Institution ii. Insurance Company is a Non-Banking Financial Institution a. Both i and ii are correct b. Only i c. Both i and ii are incorrect d. Only iiA credit union is an example of: Select one: a. an Authorised Depository Institution (ADI). b. a Unit Trust. c. a Contractual Savings Institution. d. a Finance Company.identify and explain four types of services that commercial banks offer. can you explain in own words
- Finance Companies 1) The three types of finance companies are ________. A) sales, investment, and business B) credit, consumer, and business C) sales, consumer, and business D) credit, consumer, and bankChoose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency FunctionsThe author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin? A. Commercial bank B. Credit union C. Insurance company D. Savings and loan institution
- Explain different types of financial services with examples. What is financial system .explain components. What are the functions of commercial banks? What is finance.explain the roles of financial management. What are the types of financial statements?Ay 3. Commercial Banks and their financial statements with Off-balance sheet activities.What is considered the most important and significant financial intermediry in our financial system? Give some services offered by a universal bank. Describe the nature of operations of insurance companies.