Question

15. Banking may be subdivided into at least three categories of banks. Match the definitions with...

15. Banking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name. ( 5 point) I. A bank that specializes in retail or consumer banking in a local market II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities A) Money center bank; community bank; super-regional bank B) Community bank; money center bank; super-regional bank C) Super-regional bank; money center bank; community bank D) Money center bank; super-regional bank; community bank E) Community bank; super-regional bank; money center bank

Homework Answers

Answer #1

Correct Answer is OPTION E Community bank; super-regional bank; money center bank

I A bank that specializes in retail or consumer banking in a local market Community Bank
II A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services Super Regional bank
III A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities Money Central bank
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