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Questions and Answers
Which of the following is NOT a type of depository institution?
Which of the following is NOT a type of depository institution?
- Investment bank (correct)
- Commercial bank
- Savings institution
- Credit union
What is the main role of central banks?
What is the main role of central banks?
- To provide financial advice to individual consumers
- To offer loans and financial services to businesses
- To operate exclusively online
- To oversee and regulate other banks (correct)
What is the main difference between online banks and online banking?
What is the main difference between online banks and online banking?
- Online banks are affiliated with traditional banks, while online banking is a service offered by most banks (correct)
- Online banks offer loans and financial advice, while online banking focuses on transactions and account management
- There is no difference, they refer to the same thing
- Online banks operate exclusively online, while online banking includes both online and offline services
Which type of depository institution is owned and operated by its members?
Which type of depository institution is owned and operated by its members?
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Which depository institution specializes in consumer mortgage lending and may be run for-profit or as a financial cooperative?
Which depository institution specializes in consumer mortgage lending and may be run for-profit or as a financial cooperative?
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Which government agency insures deposits in U.S. banks in case of a bank failure?
Which government agency insures deposits in U.S. banks in case of a bank failure?
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Which depository institution is focused on serving a particular region, industry, or group and distributes its earnings in the form of dividends to its members?
Which depository institution is focused on serving a particular region, industry, or group and distributes its earnings in the form of dividends to its members?
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