In Addition to Interest on Loans,another Major Source of Funds

question 37

Multiple Choice

In addition to interest on loans,another major source of funds for banks is

• A) the fees charged to depositors.
• B) interest-free loans from the Federal Reserve to banks.
• C) subsidies from the U.S. Treasury.
• D) inflation.

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Definitions:

Art Deco

Descended from Art Nouveau, this movement of the 1920s and 1930s sought to upgrade industrial design as a “fine art” and to work new materials into decorative patterns that could be either machined or handcrafted. Characterized by streamlined, elongated, and symmetrical design.

William Van Alen

An American architect best known for designing the Chrysler Building in New York City, a classic example of Art Deco architecture.

My Egypt

A painting by Charles Demuth in 1927, part of the Precisionist movement, symbolically representing industrial America through the image of grain elevators.

Grain Elevator

A storage facility used for handling bulk materials, specifically grains, utilizing a mechanism to elevate the grains from ground level.