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final-exam-multiple-choice-test-bank-600-questions-and-answers

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FIN111 FINAL EXAM TEST BANK 1. Which of the following financial institutions does NOT accept deposits? *a. Finance company b. Credit union c. Building company d. Commercial bank 2. Building societi ... es and credit unions traditionally focus on whereas finance companies have activities in . a. consumer loans; business loans b. business loans; consumer loans *c. consumer loans; consumer and business loans d. government securities; corporate bonds. Building societies provide long-term residential loans (for consumers) and credit unions provide short-term consumer loans. Finance companies are more diversified as they offer loans to consumers and businesses. They compete with banks for business loans. 3. Which of the following statements is NOT correct? *a. Credit unions are not allowed to accept deposits from retail investors. b. Credit unions and building societies are supervised by APRA. c. Finance companies are not allowed to accept deposits. d. Finance companies are supervised by ASIC. 4. Building societies, credit unions and finance companies than ban [Show More]

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