Technological Advances and the Ability to Access a Nationwide Market

question 56

Multiple Choice

Technological advances and the ability to access a nationwide market from one location allowed the growth of Industrial Loan Corporations (ILCs) during the 1990s and illustrate competitive risks of other FIs.Which of the following is true of ILCs?

• A)They can only operate within the state where they are established.
• B)They are regulated by the Federal Reserve.
• C)The deposits of ILCs are insured by the FDIC.
• D)ILCs are subsidiaries of traditional commercial banks.

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Definitions:

Gender Role

The attitudes, behaviors, rights, and responsibilities that society associates with each sex.

Gender-Role Stereotype

A rigidly held, oversimplified, and overgeneralized belief about how each gender should behave.

Gender Identity

A person's own perception of their gender identity, which can differ from the gender they were designated at birth.

Genetic Sex

Identification as male or female based on chromosomal and hormonal sex characteristics.