1) An essential characteristic of credit unions is that
A) they are typically large.
B) branching across state lines is prohibited.
C) their lending is primarily for mortgage loans.
D) they are organized for individuals with a common bond.
2) ________ are the only depository institutions that are tax exempt.
A) Commercial banks
B) Savings and loans
C) Mutual savings banks
D) Credit unions
International Banking
3) The spectacular growth in international banking can be explained by
A) the rapid growth in international trade.
B) the 1988 Basel Agreement.
C) the desire for U.S. banks to escape burdensome domestic regulations.
D) the creation of the World Trade Organization.
4) What country is given credit for the birth of the Eurodollar market?
A) The United States
B) England
C) The Soviet Union
D) Japan