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Financial Institutes
BTC 12.2
Question | Answer |
---|---|
Offers the entire range of banking services. | Commercial Banks |
Financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans. | Savings and Loan Associations |
Nonprofit banks set up by organizations for their employees to use. | Credit Unions |
Provide loans specifically for buying a home or business. | Mortgage Companies |
Offers short-term loans to businesses and consumers, but at much higher interest rates than banks charge. | Finance Companies |
Provide protection against problems like fire and theft, and offer loans to businesses and consumers. | Insurance Companies |
Sell stocks and bonds which offer a wide range of financial services. | Brokerage Firms |
The central bank of the United States. | Federal Reserve System |
Funds set aside for emergencies, such as a rush of withdrawals. | Reserves |
Admittedly; it is true (used to introduce a factor that is opposed to the main line of argument but is not regarded as so strong as to. | Granted |
Join or be joined securely to something else, typically by means of an adhesive, heat, or pressure. | Bonds |
An instrument or device used for observing, checking, or keeping a continuous record of a process or quantity. | Monitors |
Capable of bending easily without breaking. | Flexible |