Multiple Choice
Chris Jones gets a cashier's check from Wachovia Bank to make his down payment on a new home.Which of the following roles is the bank performing?
A) The intermediation role
B) The payments role
C) The risk management role
D) The guarantor role
E) The policy role
Correct Answer:
Verified
Correct Answer:
Verified
Q40: A bank that offers its services only
Q41: According to the textbook,traditional banking may be
Q42: Nick Rodr gets a loan from the
Q43: Current theory suggests that banks exist because
Q44: Nonbank financial-service institutions can offer deposits to
Q46: A(n)_ buys and sells securities on behalf
Q47: J.C.Penney,and Sears provided are among leading firms
Q48: The Bank,N.A.accepts deposits from thousands of individuals
Q49: Which of the following are the implied
Q50: The number of independently owned banks has