1. All of the following are types of banking institutions EXCEPT

1. credit unions

2. savings and loan associations.

3. mutual savings banks.

4. investment banks.

5. commercial banks

2. Insurance companies typically invest large amounts of excess funds from premiums or make long-term loans, particularly to businesses in the form of

1. commercial real estate loans.

2. car loans.

3. premium loans.

4. high-risk securities

5. funds to banking institutions.

3. Local Bank is an institution that accepts money deposits and makes loans to individual consumers and businesses. Which of the following would Local Bank most likely have in common with all other banking institutions?

1. Its objective is not profit, but rather, helping others with their financial needs

2. Its objective is to earn money by managing, safeguarding, and lending money to others.

3. It has no sales revenues.

4. It blames politicians for all the economic problems that exist in the United States.

5. It must perform two or more banking functions in order to stay competitive.