ch19 - Financial Markets and Institutions, 6e...

Info iconThis preview shows pages 1–56. Sign up to view the full content.

View Full Document Right Arrow Icon
Financial Markets and Institutions, 6e (Mishkin/Eakins)  Chapter 19    1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Savings  Associations  and Credit  Unions 19.1 
Background image of page 2
Multi ple  Choi ce
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1) 
Background image of page 4
Savings  banks  A) 
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
were first  established in Scotland and England.  B) 
Background image of page 6
were  established to encourage saving by the poor.  C) 
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
were very  conservative with their funds, placing most of them in commercial banks.  D) 
Background image of page 8
all of the above.  E) 
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
only A and B of  the above.  Answer:  
Background image of page 10
Question Status: 
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Previous Edition 2) 
Background image of page 12
Which of  the following statements about mutual savings banks are true?  A) 
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
There are  currently under 200 mutual savings banks in the United States.  B) 
Background image of page 14
Most mutual  savings banks are federally - chartered.  C) 
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Both A and B.  D) 
Background image of page 16
None of the  above.  Answer:  
Background image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question Status: 
Background image of page 18
Previous Edition 3) 
Background image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Which of  the following statements concerning the mutual form of ownership of savings banks are true?  A) 
Background image of page 20
The mutual  form of ownership accentuates the principal - agent problem that exists in corporations.  B) 
Background image of page 21

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
More capital is  available,  contributing to the safety of mutual savings banks compared to other banking organizations.  C) 
Background image of page 22
Managers of  mutual savings  banks are more risk averse than in the corporate form, because the value of their ownership does  not increase if the firm does well.  D) 
Background image of page 23

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
All of the above  are true.  E) 
Background image of page 24
Only A and B  of the above are true.  Answer:  
Background image of page 25

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question Status: 
Background image of page 26
Previous Edition 4) 
Background image of page 27

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Savings  and loan associations  A) 
Background image of page 28
were  established by Congress to encourage home ownership.  B) 
Background image of page 29

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
initially were  not permitted to accept demand deposits.  C) 
Background image of page 30
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 567

ch19 - Financial Markets and Institutions, 6e...

This preview shows document pages 1 - 56. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online