322-15

As of 2009, credit unions in the United States held over $850 billion in assets.  

A) True  
B) False

As of 2006, over $2 trillion was held in money market funds in the United States.  

A) True  
B) False

Credit unions can make up to 10-year maturity loans for credit cards and unsecured loans.  

A) True  
B) False

According to the textbook, some savings and loan associations have branched out to become mortgage bankers or family financial centers because the traditional savings and loan business model will not work in today's volatile economic environment.  

A) True  
B) False

Money market funds face competitive disadvantages relative to other depository institutions, such as not being insured by an agency of the U.S. government.  

A) True  
B) False

First- and second-mortgage loans, as well as home equity loans, account for more than ______ of credit union loans.  

A) one-fifth  
B) one-half  
C) one-third  
D) three-quarters  
E) none of the above

As of 2005, there were approximately _______ credit unions in the United States.  

A) 7,500  
B) 8,800  
C) 10,500  
D) 12,300  
E) none of the above

The three most important institutions in consumer installment lending in the United States, in order, are:  

A) commercial banks, finance companies, and credit unions.  
B) commercial banks, savings banks, and credit unions.  
C) savings banks, commercial banks, and credit unions.  
D) finance companies, commercial banks, and credit unions.  
E) none of the above
 

An increasing number of savings and loan institutions are converting to:  

A) private firms.  
B) partnerships.  
C) stockholder-owned firms.  
D) sole proprietorships.  
E) none of the above

There are several hundred savings banks in the United States and the main asset that they hold is:  

A) US treasuries.  
B) corporate bonds.  
C) municipal bonds.  
D) mortgages.  
E) none of the above