The Vast Majority of FDIC-Insured Institutions Are Classified As

question 36

Multiple Choice

The vast majority of FDIC-insured institutions are classified as:

• A) credit card banks.
• B) agricultural banks.
• C) consumer lenders.
• D) commercial lenders.
• E) mortgage lenders.

---

Definitions:

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Affirmative Action

Policies and procedures designed to combat discrimination and promote diversity by favoring individuals belonging to groups known to have been discriminated against previously.

Inherent Power

Inherent powers are those powers not explicitly specified but are necessary for the government or an authority to carry out its governing responsibilities.

Ban

An official or legal prohibition against something, typically enforced by a government or organization.