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Question
The account, other real estate owned (OREO), found as an asset on a savings and loan balance sheet is associated with:a. the real estate associated with the home office and branches.
b. the real estate financed by home mortgages
c. the real estate of managers and employees financed by the institution.
d. repossessed real estate associated with foreclosed mortgage loans not yet resold.
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
e. The Gramm-Leach-Bliley Act
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b. FDIC
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a. the banks will be upset with FDIC.
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Financial institutions are regulated for the following reason(s):
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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A "too big to fail" policy encourages small banks to take higher risks.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
Q:
A foreign branch office of a U.S. bank is regulated by
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c. the FDIC.
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Most large international loans are funded in the Eurocurrency market.
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If a hedge fund manager focused on short-selling of stocks, he/she would
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