Lesson 18.3 and 18.6 (by Alvina, Ishita, and Manya)

What law was passed in 2010 that regulates financial markets and protects consumers?

• Federal Trade Act

• Dodd-Frank Wall Street Reform and Consumer Protection Act

• The Gramm-Leach-Bliley Act

• Truth in Lending Act

What kind of bank is chartered by the U.S. Comptroller of Currency?

• Commercial Bank

• State Bank

• World Bank

• National Bank

In what ratio do State banks outnumber National Banks?

• 5:3

• 2:1

• 4:1

• 8:3

What's the name for a financial institution that accepts deposits and lends money to members only?

• Credit Union

• Savings and Loan Association (S&L)

• Commercial Banks

The U.S. Comptroller of the Currency charters, regulates, and supervises all national banks

• True

• False

Pension Funds are established by employers to guarantee their employees a regular monthly income on retirement

• False

• True

What kind of organization assists corporations in raising funds, usually by helping sell new issues of stocks, bonds, or other financial securities?

• Credit Union

• Brokerage Firm

• Investment Banking Firm

• Banks

Bank of America Corp., JPMorgan Chase & Co., Citigroup, and Wells Fargo are all examples of ________ _____

• National Banks

• Insurance Companies

• Pension Funds

• Finance Companies

Profits of mutual savings go to the depositors in the form of dividend or higher interest rates on savings in what kind of bank

• Commercial Bank

• World Bank

• National Bank

• Mutual Savings Bank

Brokerage Firms have

• Convenient and Lower rates

• Convenient and Higher rates

• Inconvenient lower rates

• Inconvenient higher rates