Banks and credit unions are examples of what type of financial system? Group of answer choices
Mainstream.
Title loan lender.
Alternative.
Payday lender.
Mainstream.
Banks and credit unions are examples Mainstream financial system. Banks and credit unions are mainstream lenders and they offer traditional loan product. They check each borrower's credit report and credit score when deciding whether to approve a loan.
Banks and credit unions are examples of what type of financial system? Group of answer choices...
Which type of financial institution offers checking/savings account and loans? Group of answer choices credit unions security firms investment banks insurance companies
All of the following are alternative financial service providers except: Group of answer choices Target store card. pawn shop. check cashing services. payday lender.
With a federal student loan, you are borrowing money from what entity? Group of answer choices The federal government. A bank. A credit union. A payday lender.
All of the following statements are true, except: Group of answer choices there is a relatively small difference in the total finance charge between mainstream and alternative financial service providers. individuals without credit reports should always first apply to mainstream lenders. reliance on credit reports and credit scores often differentiates mainstream and alternative financial service providers. a personal bank loan requires that an application be completed.
The most popular alternative loan is a(n): Group of answer choices payday loan. savings account. checking account. emergency fund.
3. Please answer number e & f What are the principal regulator(s) of: a. Credit unions National Credit Union Administration regulates credit unions. b. Hedge funds Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulate hedge funds c. Insurance companies Each state has a Department, Division or Office of insurance that regulates insurance companies in that state. There is no federal regulatory body for insurance companies d. Commercial banks Banks are primarily regulated by the Federal Reserve e....
1. Who initiates a lockout? Group of answer choices management employees unions arbitrators
Banks and credit unions are considered financial intermediaries because they act as financial institutions through which savers can indirectly provide funds to borrowers. Select one: True False The implementation of an investment tax credit would cause the demand for loanable funds to shift to the left and interest rates and the quantity of saving would fall. Select one: True False If a government went from a budget deficit to a surplus, the supply of loanable funds would shift right, interest...
Why can banks with greater equity financing borrow funds cheaper than other banks? Group of answer choices Because they have proportionately more financial leverage and hence less risk. Because a greater proportion of their assets have to be in default before they fail. Because they have less credit risk. Because they have lower required reserves.
The regional Federal Reserve Banks Group of answer choices are each headed by a member of the Board of Governors. have more voting members on the FOMC than does the Board of Governors. regulate banks in their regions. are not allowed to make loans to banks in their region.