Helmert Federal, a Financial Institution, Acquires Its Funds Primarily from the Deposits

question 134

Multiple Choice

Helmert Federal, a financial institution, acquires its funds primarily from the deposits of its customers, and then uses these funds to make mortgage loans for individuals interested in purchasing real estate properties. Helmert Federal is a(n) _____.

• A) credit union
• B) savings and loan association
• C) securities and exchange commission
• D) investment bank

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Definitions:

Vestibule

The area in the inner ear between the semicircular canals and the cochlea.

Semicircular Canals

Structures in the inner ear that help a person maintain balance; each of the three canals is positioned at right angles to the other two.

Cochlea

A spiral-shaped canal in the inner ear that contains the hearing receptors.

Lacrimal Glands

Small, almond-shaped glands located in the upper outer part of each eye that produce tears, which help lubricate and protect the surface of the eye.