Multiple Select QuestionSelect all that applyWhich two statements are true about commercial banks?Multiple select question.They are the largest of all financial institutionsTheir main source of funds comes from checking and savings accountsThey are owned and controlled by depositorsTheir loans tend to be small in order to retain a large percentage of their deposits

Multiple Select QuestionSelect all that applyWhich three services do many commercial banks offer to customers?Multiple select question.Offering home equity loansBusiness counselingSafe-deposit box rentalIssuance of credit cardsLife insurance policiesMutual fund investment

Multiple Select QuestionSelect all that applyWhat are two characteristics of money market accounts?Multiple select question.Limited number of checks can be written per monthEarn a slightly higher interest rateTime restriction on the withdrawal of fundsFewer restrictions than a regular checking account

Multiple Select QuestionSelect all that applyWhich statements are true about loanable funds markets? Multiple select question.They are only used for bond markets.They exist for student loans.Each type of loanable market has its own equilibrium interest rate.Their interest rates are set by an industry board.

Multiple Select QuestionSelect all that applyWhich of the following are components of M1?Multiple select question.Savings deposits including money market deposit accountsAll demand (chequable) depositsMoney market mutual fundsCurrency in the hands of the public

Multiple Select QuestionSelect all that applyWhich four are considered nonbank financial institutions?Multiple select question.Insurance companiesBrokerage firmsPension fundsCredit unionsSavings and loan associationsFinance companies