A) A lesser range of debt instruments was offered than at traditional thrifts.
B) Credit was granted to people who would not typically qualify for it.
C) More commercial loans were made than at traditional thrifts.
D) Larger loans were emphasized but were made only to those who could afford them.
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A) Not paying corporate income taxes
B) Charging high interest rates
C) Misrepresenting the risks of adjustable-rate mortgages
D) Leasing equipment to firms
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By subtly or openly misrepresenting the ...View Answer
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A) Home mortgage
B) Auto loan
C) Education loan
D) Consumer durables
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A) Provident in the early days promised greater dividends if the institution could afford it.
B) The early Provident paid depositors a 1% return quarterly.
C) The early Provident took savings year-round and returned them with interest at Christmas.
D) Provident in the early days was the first banking institution the poor and working class of the United States had that focused on their needs.
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A) Thrifts
B) Retailers
C) Commercial banks
D) Consumer groups
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A) Federal Home Loan Bank
B) Massachusetts Credit Union
C) Depository Institutions Deregulation and Monetary Control
D) Federal Credit Union
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A) To help the poor and working class help themselves through savings
B) T o fund loans and create "a bank for savings" for the poor
C) To provide payments during times of illness
D) To help the poor and working class by providing very high interest on any savings they might make
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A) A finance company that has very high rates on loans it makes
B) A finance company that must be used by a captive audience, for example, the finance company an auto dealer may recommend to someone purchasing a car
C) A finance company owned by a parent company to help finance the goods sold by the parent company
D) A finance company that sits within a bank holding company
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A) The receivables must be sold at a discount.
B) The receivables are used as collateral, making them less valuable.
C) The receivables must now be shown as a liability on the firm's books.
D) Customers do not like it and sometimes take their business elsewhere.
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A) Thrifts were affected by the end of Regulation Q.
B) Thrifts were impacted by the Depository Institution Deregulation and Monetary Control Act (DIDMCA) .
C) Thrifts were fully impacted by Regulation Q starting in that decade.
D) Thrifts were affected by the Garn-St. Germain Depository Institutions Act.
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A) decreased slightly, while commercial bank lending increased.
B) decreased by 25%.
C) increased somewhat, while commercial bank lending decreased.
D) increased by 25%.
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A) limiting membership to a common bond
B) not paying corporate income taxes
C) charging lower interest rates on loans
D) paying higher interest rates on deposits
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