Farm Credit System Quiz
Authored by Ashleigh Rossi
Business
12th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of US Ag Bank?
To insure the timely payment of principal and interest on consolidated or Systemwide debt securities
To deliver long- and short-term loans to agricultural producers
To administer financial assistance to stressed System institutions
To provide equipment leasing and related services to eligible borrowers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the successor entity resulting from the merger of a Federal Land Bank Association and a Production Credit Association?
US Ag Bank
Agricultural Credit Association
Agricultural Credit Bank
Farm Credit Leasing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a Bank for Cooperatives?
The national trade association of the Farm Credit System
A unit of measurement used to describe interest rates
The independent government regulator of the privately owned Farm Credit System
An institution which provides lending and other financial services to farmer-owned cooperatives, rural utility (electric and telephone) and rural sewer/water systems
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When was CoBank formed?
1996
1987
2003
1989
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Farm Credit Act?
To administer financial assistance to stressed System institutions
To insure the timely payment of principal and interest on consolidated or Systemwide debt securities
To provide guarantees for the timely repayment of principle and interest on securities backed by pools of agricultural real estate or rural home loans
To deliver long- and short-term loans to agricultural producers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where is the Farm Credit Administration headquartered?
Wichita, Kansas
Sacramento, California
McLean, Virginia
Denver, Colorado
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Farm Credit System Insurance Corporation?
To administer financial assistance to stressed System institutions
To deliver long- and short-term loans to agricultural producers
To provide equipment leasing and related services to eligible borrowers
To insure the timely payment of principal and interest on consolidated or Systemwide debt securities
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