46 Frederic S. Mishkin ? Economics of Money, Banking, and Financial Markets, Seventh Edition
99) Which of the following are investment intermediaries?
(a) Life insurance companies (b) Mutual funds (c) Pension funds
(d) State and local government retirement funds
Answer: B
Question Status: Previous Edition
100) Which of the following financial intermediaries are depository institutions?
(a) A savings and loan association (b) A commercial bank
(c) A money market mutual fund (d) All of the above
(e) Only (a) and (b) of the above
Answer: E
Question Status: Previous Edition
101) Which of the following is a depository institution?
(a) A life insurance company (b) A credit union (c) A pension fund (d) A mutual fund
Answer: B
Question Status: Previous Edition
102) Which of the following are depository institutions?
(a) Mutual savings banks (b) Credit unions (c) Mutual funds (d) All of the above
(e) Only (a) and (b) of the above
Answer: E
Question Status: Previous Edition
103) Which of the following is a depository institution?
(a) A life insurance company (b) A mutual savings bank (c) A pension fund (d) A finance company (e) The stock exchange
Answer: B
Question Status: Study Guide
Chapter 2 An Overview of the Financial System 47
104) Which of the following is not a contractual savings institution?
(a) A life insurance company (b) A pension fund
(c) A savings and loan association
(d) A fire and casualty insurance company
Answer: C
Question Status: Previous Edition
105) Which of the following are not investment intermediaries?
(a) A life insurance company (b) A pension fund (c) A mutual fund
(d) Only (a) and (b) of the above
Answer: D
Question Status: Previous Edition
106) Which of the following are investment intermediaries?
(a) Finance companies (b) Mutual funds (c) Pension funds (d) All of the above
(e) Only (a) and (b) of the above
Answer: E
Question Status: Previous Edition
107) The primary assets of a mutual savings bank are
(a) bonds. (b) mortgages. (c) stocks. (d) deposits.
(e) commercial loans.
Answer: B
Question Status: Study Guide
108) The primary liabilities of a credit union are
(a) bonds. (b) mortgages. (c) stocks.
(d) commercial loans. (e) deposits.
Answer: E
Question Status: Study Guide
48 Frederic S. Mishkin ? Economics of Money, Banking, and Financial Markets, Seventh Edition
109) The primary assets of a pension fund are
(a) money market instruments. (b) corporate bonds and stock. (c) consumer and business loans. (d) mortgages.
Answer: B
Question Status: Previous Edition
110) The primary assets of a savings and loan association are
(a) money market instruments. (b) corporate bonds and stock. (c) consumer and business loans. (d) mortgages.
Answer: D
Question Status: Previous Edition 111) The primary assets of credit unions are
(a) municipal bonds. (b) business loans. (c) consumer loans. (d) mortgages.
Answer: C
Question Status: Previous Edition
112) The primary assets of a finance company are
(a) municipal bonds.
(b) corporate stocks and bonds. (c) consumer and business loans. (d) mortgages.
Answer: C
Question Status: Previous Edition
113) The primary assets of commercial banks include
(a) mortgages.
(b) consumer and business loans. (c) U.S. government securities. (d) all of the above.
(e) only (a) and (b) of the above.
Answer: D
Question Status: Previous Edition
Chapter 2 An Overview of the Financial System 49
114) The primary assets of fire and casualty insurance companies include
(a) municipal bonds.
(b) corporate stocks and bonds. (c) consumer and business loans. (d) all of the above.
(e) only (a) and (b) of the above.
Answer: E
Question Status: Previous Edition
115) The primary source of funds of fire and casualty insurance companies include
(a) commercial paper, stocks, and bonds. (b) premiums from policies. (c) savings deposits. (d) all of the above.
Answer: B
Question Status: Revised
116) The primary liabilities of a commercial bank are
(a) bonds. (b) mortgages. (c) deposits.
(d) commercial paper.
Answer: C
Question Status: Previous Edition
117) The primary liabilities of depository institutions are
(a) premiums from policies. (b) shares. (c) stocks. (d) bonds. (e) deposits.
Answer: E
Question Status: New
118) The primary assets of money market mutual funds are
(a) stocks. (b) bonds.
(c) money market instruments. (d) municipal bonds. (e) deposits.
Answer: C
Question Status: New
