B. a bank buying equipment and then leasing the item to a customer.
C. a customer buying equipment and then leasing it to a bank.
D. a bank leasing computer equipment.
E. None of the options are correct.
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62.Wholesale banks are those banks that:
A. sell at a discount relative to all commercial banks.
B. only make loans to the wholesale industry.
C. lend almost exclusively to farmers.
D. serve corporations and government.
E. have only retail customers.
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63.Jonathan Robbins has an account in a bank that does not have a physical branch. Jonathan does all of his banking business over the Internet. What type of bank does Jonathan have his account at?
A. Virtual Bank
B. Mortgage Bank
C. Community Bank
D. Minority banks
E. None of the options are correct.
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64.The Edmond National Bank serves only the City of Edmond, Oklahoma and concentrates on providing the best possible service to this city. What type of bank is this most likely to be?
A. Virtual Bank
B. Mortgage Bank
C. Community Bank
D. Bankers' banks
E. None of the options are correct.
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65.The Charleston Southern Bank makes loans for families to purchase new and existing homes but does not take deposits. What type of bank is this most likely to be?
A. Virtual Bank
B. Mortgage Bank
C. Community Bank
D. Merchant banks
E. None of the options are correct.
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66.Which of the following is considered a fringe bank?
A. Community Bank
B. Wholesale Bank
C. Merchant Bank
D. Payday Lender
E. None of the options are correct.
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67.During the middle ages, banks encountered religious opposition because:
A. loans to the poor often carried high interest rates.
B. loans and deposits were primarily for wealthy customers.
C. the Industrial Revolution demanded new methods of making payments and obtaining credit.
D. savings and wealth were lost due to war, theft, and expropriation by governments.
E. All of the options are correct.
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68.Religious opposition decreased during the Renaissance because:
A. loans to the poor often carried high interest rates.
B. loans and deposits primarily consisted of wealthy customers.
C. the Industrial Revolution demanded new methods of making payments and obtaining credit.
D. savings and wealth were lost due to war, theft, and expropriation by governments.
E. All of the options are correct.
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69.Banks like the Medici Bank in Italy and the Hochstetter Bank in Germany were successful because __________ and they responded well to these new needs.
A. the poor needed loans at high interest rates
B. primarily wealthy customers needed loans and deposits
C. the Industrial Revolution demanded new methods of making payments and obtaining credit
D. people needed to protect their savings and wealth from the government
E. All of the options are correct.
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70.Early European banks were places for safekeeping of wealth because:
A. loans to the poor often carried high interest rates.
B. loans and deposits were primarily for wealthy customers.
C. the industrial revolution demanded new methods of making payments and obtaining credit.
D. savings and wealth were lost due to war, theft, and expropriation by governments.
E. All of the options are correct.
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