ing institution is a subsidiary of a larger organization ext

ing institution is a subsidiary of a larger organization, extending credit to customers o A) captive finance company B) factor C) subprime lender D) hedge fand 14) If a institun that larger organization, we refer to it as 15) Which of the following is true? A) Commercial banks and investment banks have always been owned by the same owner - B) Commercial banks and investment banks are now allowed to be owned by the same C) Commercial banks and investment banks cannot be owned today by the same owner they are two different departments of the same financial institution owner not today and not since 1933 under the Glass-Steagall Act of 1999. Until the Glass-Steagall Act was passed in 1999, they could be owned by the same owner D) Commercial banks and investment banks can be owned by the same owner today, but from 1933 until 1999, the two types of banks were separately owned under the Glass- Steagall Act 16) Larry has just reached the point at which he is eligible for his company\'s pension benefits, and he\'ll retain rights to benefits even if he leaves the firm, Larry is now said to be: A) insured B) invested C) vested D) guaranteed 17) The President of the United States appoints the A) Board of Govemors of the Federal Reserve B) Federal Advisory Council C) Presidents of the Federal Reserve regional banks D) Directors of the Federal Reserve regional banks price of reserves that are borrowed from the Federal Reserve is called the A) discount rate B) federal funds rate C) LIBOR D) prime rate 18) The 19) The functions of money are A) pricing, contracts, and means of payment B) medium of exchange and the ability to buy goods and services C) medium of exchange, unit of account, and store of value D) medium of exchange, unit of account, and contract

Solution

14) Answer: A

Capative finance company is a subsidiary company which provides finance to the customers for buying the shares of their parent company. These are the subsideries of parent organizations

17) ANswer: B

Federal advisory council is the one of the boards appointed by the president of united states with the advice of senate.

18) Answer: B

Federal fund rates is the intrest at which Federal bank lends reserve to other banks on uncollateralized basis.

19) Answer: C

The major functions are money are as in a economy it acts as medium of exchange, store value and unit of account on which all the markest run and economic cycle takes place