FIN 582 Final Exam Questions and Answers All Correct

FIN 582 Final Exam Questions and Answers All Correct T/F: The volume of core deposits at U.S. banks has been growing in recent years relative to other categories of deposits. - Answer-False T/F: The Truth in Savings Act requires a bank to disclose to its deposit customers, the frequency with which interest is compounded on all interest-bearing accounts. - AnswerTrue T/F: Research indicates that at least half of all households and small businesses hold their primary checking account at a depository institution situated within 3 miles of their location. - Answer-True T/F: A bank has full control over its deposit prices in the long run. - Answer-False T/F: NOW accounts can be held by businesses and individuals and are interest-bearing checking accounts. - Answer-False T/F: According to recent studies cited in this chapter, the number one factor that households consider in selecting a bank to hold their checking account is low fees and low minimum balance. - Answer-False T/F: Deposits are usually priced separately from loans and other bank services - Answer-True T/F: When a bank temporarily offers higher than average interest rates or lower than average customer fees in order to attract new business, they are practicing conditional pricing. - Answer-False T/F: Interest payments on regular checking accounts were prohibited in the United States under terms of the: - Answer-Glass-Steagall Act