Question

10 Question 1 A community bank is devoted primarily to the markets of: locally based deposits & loans deposits all over the USA loans all over the USA international markets 10p Question 2 The large money centered banks serve many different markets with many services and are diversifie both geographically and by product lines. True False

Answer 1

Ans 1- Locally based deposits and loans  

Explanation - Community Banks are mostly non profitable, owned and operated by customers. One migh need to be member of these banks to avail services from these banks. These banks are limited to some locations and community example - navy or army.

Ans 2 - True.

Yes, as larger money center banks deals with governments, large corporations and other regular banks. They have similar structure as other regular banks but cater to institutions.

Ans 3 - False

Electronic branches means they are inter connected and work on computers ATM's pos terminals will be situated there. Otherwise they are traditional banks.

Ans 4 - Bank of America Corporation

Bank holding company is a company which might not engage in banking itself but controls one or more banks. Federal Reserve controls such bank holding companies.