Depository Institutions Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Credit Unions</p> Signup and view all the answers

    Which depository institution specializes in consumer mortgage lending and may be run for-profit or as a financial cooperative?

    <p>Savings Institutions</p> Signup and view all the answers

    Which government agency insures deposits in U.S. banks in case of a bank failure?

    <p>Federal Deposit Insurance Corporation (FDIC)</p> Signup and view all the answers

    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?

    <p>Credit Unions</p> Signup and view all the answers

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