Question

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

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