Questions: Which type of bank provides a vote on how the bank is run to borrowers and depositors? a.) A commercial bank b.) A mutual savings bank c.) A savings and loan association d.) A non-deposit institution

Which type of bank provides a vote on how the bank is run to borrowers and depositors? a.) A commercial bank b.) A mutual savings bank c.) A savings and loan association d.) A non-deposit institution
Transcript text: Which type of bank provides a vote on how the bank is run to borrowers and depositors? a.) A commercial bank b.) A mutual savings bank c.) A savings and loan association d.) A non-deposit institution
failed

Solution

failed
failed
Answer

The answer is b.) A mutual savings bank

Explanation
Option 1: A commercial bank

Commercial banks are financial institutions that offer a wide range of services, including accepting deposits, providing business loans, and offering basic investment products. They are typically owned by shareholders and do not provide voting rights to borrowers and depositors.

Option 2: A mutual savings bank

Mutual savings banks are owned by their depositors. This means that the depositors have a say in how the bank is run, often through voting rights. This structure is designed to align the interests of the bank with those of its customers.

Option 3: A savings and loan association

Savings and loan associations primarily focus on accepting savings deposits and making mortgage loans. While they may have some mutual characteristics, they do not typically provide voting rights to borrowers and depositors in the same way mutual savings banks do.

Option 4: A non-deposit institution

Non-deposit institutions, such as finance companies and insurance companies, do not accept deposits from the public. They provide financial services but do not offer voting rights to borrowers and depositors.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Debra must choose a number between 49 and 95 that is a multiple of 2,3 , and 9 . Write all the numbers that she could choose. If there is more than one number, separate them with commas.
failedAnswered
Problem 2: (6% of Assignment Value) A skydiver descends d1=315 meters in t1=8.9 s before letting out his parachute. After the chute opens, he descends an additional d2=895 meters in t2=132 s. See the figure. - Part (a) Enter an expression for the skydiver's average speed, vavg, during the period before letting out the chute in terms of the given quantities. vavg, 1 = d1 / t1 Correct! - Part (b) Enter an expression for the skydiver's average speed, vavg,2, during the period after letting out the chute in terms of the given quantities. vavg 2 = d2 / t2 Correct: Part (c) Enter an expression for the skydiver's average speed during the entire fall, vavg, in terms of the given quantities. vavg =
failedAnswered
Now, find the equation in terms of x for a line that passes through the two points (-1,3) and (4,-5). Express your answer in terms of x. The " y= " has been given for you.
failedAnswered
Write out the contrapositive of this statement "if Jasmine goes to the meeting, then she will be elected vice-president". Also tell whether the original statement is necessarily equivalent to the contrapositive.
failedAnswered
Decide whether the sampling method could result in a biased sample. Explain your reasoning. 16. On the first day of school, all of the incoming freshmen attend an orientation program. The principal wants to learn the opinions of the freshmen regarding the orientation program. He decides to ask the first 25 freshmen that he sees. 17. The manager of an apartment building wants to know if the residents are satisfied with his service. He writes each apartment number on a piece of paper and places the pieces of paper in a hat. Then he randomly chooses 10 apartment numbers and asks the residents of the 10 apartments about his service. 18. The members of the school drama club want to know how much students are willing to pay for a ticket to one of their productions. They decide that each member of the drama club should ask five of his or her friends what they are each willing to pay: