Savings and loan associations
A) were established by Congress to encourage home ownership.
B) initially were not permitted to accept demand deposits.
C) held about 85 percent of their assets in the form of mortgages prior to the Great Depression.
D) are all of the above.
E) are only A and B of the above.
D
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A company purchased ten delivery vehicles at a cost of $20,000 each and used the group depreciation method. Which of the following entries would be correct when recording the subsequent sale of a vehicle for $8,500 (group accumulated depreciation is $88,000)?
A) Cash 8,500Accumulated Depreciation 8,800Vehicles 17,300 B) Cash 8,500Accumulated Depreciation 11,500Vehicles 20,000 C) Cash 8,500Vehicles 8,500 D) Cash 8,500Accumulated Depreciation 8,800Loss on Sale 2,700Vehicles 20,000
The following financial statement data are taken from Xeron Company's 2012 annual report: (in millions) Current assets $12.6 Investments 9.4 Intangibles 6.8 Property, plant, and equipment 58.1 Current liabilities 6.4 Long-term debt 39.7 Stockholders' equity 40.8 Compute the debt to tangible net worth ratio
a. 146.8% b. 135.6% c. 53.0% d. 45.7% e. none of the answers are correct
Which of the following refers to an amount of money paid to the court to ensure that the defendant will return for trial?
A) surety B) bail C) bond D) booking
He spoke about what to do if you ________ your health insurance
a. lose b. loose