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1. Which of the following statements is true? A. The Palmetto Bank is an example of...

1. Which of the following statements is true?

A. The Palmetto Bank is an example of a commercial bank.

B. Citigroup is an example of a exchange traded fund.

C. Mutual of Omaha is an example of a pension fund.

D. Goldman Sach is an example of a mutual fund.

2. Which of the following statements is true?

A. CalPERS is an example of a financial services corporation.

B. XLF is an example of an investment bank.

C. AFCU is an example of a credit union.

D. Tiger Global is an example of a life insurance company.

3. Which of the following statements is true?

A. A credit union is a conglomerate organization made up of hedge funds and commercial banks.

B. An investment bank is typically involved in selling life insurance.

C. A mutual fund pools together money from investors to buy a portfolio of investments.

D. An exchange traded fund is synonymous with a financial services corporation.

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Answer #1

1. Which of the following statements is true?

The Palmetto Bank is an example of a commercial bank.

2. Which of the following statements is true?

C. AFCU is an example of a credit union.

(America First Credit Union)

3. Which of the following statements is true?

C. A mutual fund pools together money from investors to buy a portfolio of investments.

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