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Question
Which of the following is true regarding money market deposit accounts (MMDAs)?a. A maximum of three checks per month may be written on a MMDA account.
b. The average check size on an MMDA account is smaller than the average demand deposit check size.
c. MMDAs are formally transaction accounts.
d. Required reserves on MMDAs are higher than on demand deposit accounts.
e. Rates paid on MMDAs are generally higher than rates on money market mutual funds.
Answer
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Related questions
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a. Interest earned on CMOs is exempt from state income taxes.
b. CMO yields are generally higher than comparable Treasury yields.
c. CMOs exhibit little default risk.
d. All of the above are true.
e. Only a. and c. are true.
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Regulators generally prohibit banks from purchasing ____________ for income purposes.
a. Treasury bills
b. commercial paper
c. common stock
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a. A Hays County general obligation bond to modernize the county fire department.
b. A Lubbock County general obligation bond to build a new sewer plant.
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e. A State of Texas bond to finance road repairs.
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b. obtaining less call protection when rates are expected to fall.
c. reducing diversification when the economy is slowing down.
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e. all of the above
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b. the difference between a fixed-rate yield and a floating-rate yield.
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Eurobonds are subject to fewer regulations than U.S. issued bonds.
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b. currencies in the future at a specified time at an unknown exchange rate.
c. currencies in the future at an unspecified time at an unknown exchange rate.
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Q:
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The risk that a foreign government will suspend debt service payments is known as:
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Q:
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b. The Glass-Stegall Act
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Q:
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a. France
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Q:
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Q:
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Q:
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Q:
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Q:
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b. mezzanine financing.
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Q:
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b. are limited to "negative" provisions.
c. may limit discretionary cash outlays by borrowers.
d. are seldom enforced.
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Q:
In the credit process, which of the following activities falls under Credit Execution and Administration?
a. Financial statement analysis
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Q:
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Q:
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b. a loan against the repurchase agreement.
c. a risk-free guarantee.
d. the difference between the market value of the collateral and the amount of the loan.
e. all of the above.