Chapter 17 Practice problem

Chapter 17 Practice problem - FRL 315 Chapter 17 Practice...

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FRL 315 Chapter 17 Practice Problems 1. The Financial Services Modernization Act of 1999 A) gave banks and other financial service firms less freedom to merge. B) allowed financial institutions to offer a diversified set of financial services without being subjected to stringent constraints. C) offers very few benefits to a financial institution’s clients. D) increased the reliance of financial institutions on the demand for the single service they offer. 2. Which type of savings account transfers funds to a checking account when checks are written? A) ATS B) passbook savings C) CDs D) MMDAs 3. A(n) __________ account provides checking services as well as interest. 4. A ______ is a time deposit offered by some large banks to corporations, with a specific maturity date, minimum deposit of $100,000 or more, and a secondary market.
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