As at 2013, Which of the Following Is the Largest

question 116

Multiple Choice

As at 2013, which of the following is the largest source of funds for banks?

• A)Retail deposits
• B)Short-term securities (domestic and overseas)
• C)Bonds (domestic and overseas)
• D)Equity
• E)Securitsation

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Definitions:

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that insures deposits at banks and thrifts up to the legal limit.

Insurance Coverage

A contract in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Electronic Fund Transfer Act

A law that protects consumers when they transfer funds electronically, including ATM transfers, direct deposits, and debit card transactions.

Transactions

Refers to the act of buying, selling, or exchanging goods, services, or financial assets.