Savings and loan institutions:
A. are owned by the depositors.
B. are owned by depositors who also have a common bond.
C. originally were formed primarily to make home mortgages.
D. today offer a much smaller array of services than when originally formed.
Answer: C
You might also like to view...
How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
On the graph above, assuming that G = 0 and NX = 0, the labeled point at which saving is lowest is point ________
A) A B) B C) G D) H E) not inferable from the information given
(Consider This) When making a capital stock and reservoir analogy, the:
A. outflow below the dam is gross investment. B. inflow from the river is the stock of capital. C. level of water in the reservoir is the stock of capital. D. level of water in the reservoir is net investment.
An increase in the effective tax rate on capital causes the real interest rate to ________ and the price level to ________ in general equilibrium.
A. rise; rise B. fall; rise C. fall; fall D. rise; fall