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NHTM - CHAPTER 3

Authored by Nguyen Trang

Business

University

Used 3+ times

NHTM - CHAPTER 3
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29 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Bank size is not considered a significant factor in determining how banks are organized.

FALSE

TRUE

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Nearly all U.S. banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.

FALSE

TRUE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

State-chartered banks in the United States represent about a quarter of all U.S.-chartered banks, while national banks account for approximately three quarters of all U.S. chartered banks.

FALSE

TRUE

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The majority of all U.S. banks are members of the Federal Reserve System.

FALSE

TRUE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A banking corporation chartered by either federal or state governments that operates only one full-service office is called a unit bank.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Over half of all U.S. states today limit branching activity.

TRUE

FALSE

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