
Chap 3
Quiz
•
Other
•
12th Grade
•
Practice Problem
•
Medium
Phuong Mai
Used 4+ times
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59 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank size is not considered a significant factor in determining how banks are organized.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nearly all U.S. banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.
True
False
4.
MULTIPLE CHOICE QUESTION
30 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.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The majority of all U.S. banks are members of the Federal Reserve System.
True
False
6.
MULTIPLE CHOICE QUESTION
30 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
30 sec • 1 pt
Over half of all U.S. states today limit branching activity.
True
False
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