By 2016, the number of savings institutions is closest to which of the following? a.about 2,900...

Question

Question

By 2016, the number of savings institutions is closest to which of the following?
a.about 2,900
b.about 800
c.about 3,100
d.about 1,400

The three main regulators of savings institutions are:

a.the Federal Reserve, the U.S. Department of Commerce, and the NYSE

b.the FDIC, the World Bank, and state regulators

c.the OCC, the FDIC, and state regulators

d.the OTS, the Federal Reserve, and the U.S. Department of Commerce

In 1989, the chartering agency for savings institutions, at the federal level, was:

Credit unions focus on loans to:

_____ are the most numerous depository institutions in the U.S.

Answer 1

Answer #1

1. c

Reason: as of 2016, there is more than 3100 savings institutions in USA

2. d

REASON : the main regulators of savings institutions in USA was office of thrift supervision (OTS), Federal reserve and department of commerce.

3. C

Reason : credit serve only to the members. In majority of the cases members are individuals only.

4. C

As of 2016, there are more than 5700 credit unions i. e more than any number of financial institutions.

Answer 2

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