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Questions and Answers
What is the primary focus of savings institutions such as S&L?
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?
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?
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?
What distinguishes finance companies in terms of customer risk compared to other lending institutions?
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Which regulator oversees savings associations and savings banks?
Which regulator oversees savings associations and savings banks?
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What is the main goal of finance companies?
What is the main goal of finance companies?
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