Reference no: EM132265733

1. The actual purchase or sale of investments in the open market is performed by the:

National Credit Union Administration.

Federal Deposit Insurance Corporation.

Federal Reserve Board.

New York Federal Reserve Bank.

Federal Savings and Loan Insurance Corporation.

2. Commercial banks:

use all their funds to make loans to businesses.

invest exclusively in residential mortgages.

rely on checking and savings accounts for funds.

are the most recently established of all financial institutions.

do not provide loans for vacations.

3. The major difference between banks and credit unions is that:

credit unions have higher loan rates and lower interest rates than banks.

bank depositors get to vote for the bank directors.

banks distribute their profits to depositors.

credit unions have higher default rates than banks.

credit unions are owned and controlled by their depositors.

4. The major difference between banks and credit unions is that:

credit unions have higher loan rates and lower interest rates than banks.

bank depositors get to vote for the bank directors.

banks distribute their profits to depositors.

credit unions have higher default rates than banks.

credit unions are owned and controlled by their depositors.

5. In general, the longer the term of a certificate of deposit, the:

higher is its inflation rate.

lower is its interest rate.

lower is its value.

higher is its liquidity.

higher is its interest rate.

6. A successful digital marketing strategy focuses:

exclusively on giving discounts for products.

on creating products that customers need.

on reducing costs of online transaction.

on creating products that marketers want.

exclusively on developing a brand name or label.