True/False Indicate whether the sentence or statement is true or
false.
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1.
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The United States is divided into 10 Federal Reserve districts, with a central
Federal Reserve Bank in each district.
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Numeric Response
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2.
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If the bank where you keep your money is a member of the FDIC, your money is
protected up to how much? (in your answer, do NOT use commas or dollar signs; just numbers)
__________________
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Completion Complete each sentence or statement.
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3.
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The abbreviation ‘S&L’ refers to what in the banking industry?
Type your answer in the following format capitalizing appropriately: _________ _____
_________
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4.
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All federal banks must be part of what federal regulatory organization? (your
answer is an acronym and should be in all CAPS).
______________
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Matching
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Match the following financial institutions to their respective
definitions: a. | Savings and Loan | e. | Commercial Bank | b. | Savings
Bank | f. | FED
Bank | c. | Federal Bank | g. | Trust Company | d. | Credit Union | h. | Consumer Finance
Company |
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5.
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generally deal in or with checking and savings accounts, real estate, trust
funds, all types of loans and investments
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6.
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mainly organized to deal with savings accounts and make loans to home
buyers
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7.
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banks that specialize in the managing people’s money and property for
them
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8.
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specialize in savings accounts and making loans for mortgages
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9.
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a type of bank that is formed by workers in the same firm, government agency,
labor union, or other agency
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10.
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specialize in making loans for durable goods, such as cars, refrigerators, etc.
and for financial emergencies; do not accept savings as do banks and other financial
institutions
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