Contractual savings institutions include: a.Commercial Banks b.Credit Unions c.Savings and Loans Associations d.Life Insurance Companies
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Contractual savings institutions include:
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- Which thrift institutions are cooperatively owned by their customers? A. Commercial paper funds B. Credit unions C. Mutual banks D. Savings and loansThe ANZ Bank is an example of a: Select one: a. an Authorised Depository Institution. b. a Unit Trust c. a Finance Company d. a Contractual Savings Institution.Customer loans are classified on a Depository Institution (DI)'s balance sheet as Select one: A. liabilities, because the customer may default on the loan. B. assets, because the DI earns servicing fees on the loan. C. assets, because the DI's major asset is its client base. D. assets, because DIs originate and monitor loan portfolios. E. liabilities, because the DI must transfer funds to the borrower at the initiation of the loan.
- QUESTION 5 Which thrift institutions are cooperatively owned by their customers? A. Credit unions B. Mutual banks C. Savings and loans D. Commercial paper fundswhich of the following source of finance comes with a line of credit ? a. Credit card b. Mutual Fund c. Commercial Paper d. Supplier creditdescribe in detail credit unions
- 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.Define credit unionAn example of a non-bank agency that provides financial services is called : Insurance company Insurance company All of the above
- When a financial institution is a mutual association, it means that it is owned by the Group of answer choices local government. borrowers. management. depositors. creditors.Credit unions are Group of answer choices not providers of insured deposits. mutual associations. available to the general public. mortgage lenders. special commercial lenders. \BUSINESS AND CONSUMER LOANS
