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NHTM - CHAPTER 2

Authored by Nguyen Trang

Business

University

Used 1+ times

NHTM - CHAPTER 2
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21 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Federal Reserve Act authorized the creation of the Federal Deposit Insurance Corporation.

FALSE

TRUE

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the United States, fixed fees charged for deposit insurance, regardless of how risky a bank is, led to a problem known as moral hazard.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Government-sponsored deposit insurance typically encourages individual depositors to monitor their banks' behavior in accepting risk.

FALSE

TRUE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Federal Reserve changes reserve requirements frequently because the affect of these changes is so small.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Bank Merger Act and its amendments requires that Bank Holding Companies be under the jurisdiction of the Federal Reserve.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

National banks cannot merge without the prior approval of the Comptroller of the Currency.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Truth in Lending (or Consumer Credit Protection) Act was passed by the U.S.  Congress to outlaw discrimination in providing bank services to the public.

TRUE

FALSE

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