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Chapter 14: Other Lending Institutions - Savings Institutions Overview
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Chapter 14: Other Lending Institutions - Savings Institutions Overview

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Questions and Answers

What is the primary focus of savings institutions such as S&L?

  • Residential mortgage lending (correct)
  • Commercial real estate lending
  • Investment banking
  • Personal loans

    • Which is a key characteristic of savings institutions being mutual organizations?

  • They are publicly traded
  • Depositors are the legal owners (correct)
  • Stock is widely issued
  • They focus on investment banking

    • What is a unique aspect of credit unions compared to other depository institutions?

  • They do not serve the general public (correct)
  • They are publicly traded
  • They are for-profit institutions
  • They are subject to corporate taxes

    • What distinguishes finance companies in terms of customer risk compared to other lending institutions?

    <p>They are willing to lend to riskier customers</p> Signup and view all the answers

    Which regulator oversees savings associations and savings banks?

    <p>OTS</p> Signup and view all the answers

    What is the main goal of finance companies?

    <p>Making loans to individuals and businesses</p> Signup and view all the answers

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