1.04 FP1

Which are examples of deposit-taking financial institutions?

• commercial banks, credit unions, and brokerages

• commercial banks, corporations, and mutual savings banks

• credit unions, savings and loan associations, and commercial banks

• savings and loan associations, mutual savings banks, and insurance firms

Which is an example of a non-deposit financial institution?

• credit union

• mortgage bank

• commercial bank

• mutual savings bank

An institution that combines the elements of a bureaucracy with those of a private company is called a:

• private company

• semi-government

• franchise business

• government institution

Commercial banks and brokerage firms are examples of:

• legislative groups

• insurance institutions

• nonprofit organizations

• financial intermediaries

The primary purpose of insurance companies is to provide products that help clients:

• minimize their risk

• reduce their assets

• increase their profitability

• strengthen their investments

Thad is investing in a money market, which buys and sells products such as:

• technology

• treasury bills

• shares of stock

• agricultural goods

Which is NOT considered a financial institution?

• Investment banks

• Insurance institutions

• Deposit-taking institutions

• Economics Institution

Which is NOT considered a deposit-taking institution? (hint think deposits as our paycheck)

• Commercial banks

• Credit Unions

• Savings and Loan Associations

• Insurance Institution

Government institutions are controlled by the government, while _________ institutions are independent organizations that are supported by the government.

• semigovernment

• quasigovernment

• totalitarian government

• Representative government

Which is a word that we can associate with middleman?

• intermediary

• broker

• analyst

• bank teller