Non-Depository v. Depository Financial Institutions
Roles of Bank in the Economy
Miscellaneous
Wild Card
100
What is a non-depository intermediary?
What is Financial institutions that does not take or hold deposits.
100
What is the United States medium of exchange?
What is money.
100
Who owns commercial banks?
What is Stockholders
100
What is profit?
What is Revenue - Cost
200
How do non-depository generate their revenue?
What is selling specific services or policies
200
What is creditworthy?
What is A good credit rating, sufficient collateral, sufficient income
200
Financial Intermediaries
What is A cash obligation
200
What is deregulation?
What is loosing of government control
300
What is a depository?
What is A financial intermediary that obtain funds from the public and use funds to finance
300
What is interest?
What is A percentage of revenue earned on the principle over a period of time.
300
What is a liability?
What is A cash obligation
300
What is Equity
What is total assets - total liabilities
400
Name types of non-depository financial intermediaries.
What is Insurance, Loan, and Trust companies
400
How does lending stimulate the economy?
What is Helps businesses start up, helps consumers buy things they couldn't before, manufacture products
400
List two characteristics of a Credit Union
What is users must be members, membership is based on some type of association, not-for-profit
400
What changed the banking environment in the U.S?
What is deregulation
500
Name types of non-depository financial intermediaries.
What is Insurance, Loan, and Trust companies
500
How do banks keep our money safe?
What is Record keeping, identity theft, enforcement, transfer security, sound business practices, examinations by federal or state authorities
500
List the types of depository institutions
What is Commericial Banks, Savings/Loans, Credit Unions
500
What are the two principles of banking?
What is A bank's liabilities exceed its reserves and their liabilities are more liquid than its assets.
M
e
n
u