What Is A Bank? Flashcards by Abarquez, Mary Khamil M. | Brainscape

Q

A financial institution that is owned by stockholders, operates for a profit, and engages in various lending activities.

A

Commercial Banks

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Financial cooperative institutions with a common federal, state, or corporate affiliation.

A

Credit Unions

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Take deposits and make loans but they are not commercial banks.

A

Credit Unions

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Excempt from paying income taxes

A

Credit Unions

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Widely applied to different types of financial institutions

A

Bank

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Defined as “financial intermediaries that conduct maturity, credit, and liquidity transformation without access to central bank liquidity or public sector guarantees”

A

Shadow Banks

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Examples of shadow banks

A

Money market funds
Hedge funds

How well did you know this?

1

Not at all

2

3

4

5

Perfectly