Banks Differ from Other Types of Depository Institutions in That

question 29

Multiple Choice

Banks differ from other types of depository institutions in that
I. banks have more diversified asset portfolios.
II. banks obtain funds from more different types of sources.
III. the average size bank is larger than other depository institutions.

• A)I only
• B)I and II only
• C)I and III only
• D)II and III only
• E)I,II,and III

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Definitions:

Firm

A business organization, such as a partnership or corporation, engaged in commercial, industrial, or professional activities.

Associated

Linked or connected with something else, typically implying a relationship or affiliation between entities or ideas.

RUPA

The Revised Uniform Partnership Act, which governs the operation of partnerships and the relationship between partners in the United States.

Continuity

The state of remaining consistent, unchanged, or uninterrupted over time.