11 2) A firm that takes deposits from households and firms and makes loans to other households and firms i s a A) usurer. B) depository institution. C) credit company. D) stockbroker. 3) A depository institution is best defined as A) as the lender of last resort. B) an insurance agency, such as the FDIC. C) the most powerful body within the Federal Reserve. D) as an institution that accepts deposits and makes loans.* 4) Depository institutio ns A) make profit from the spread between the interest rate they pay on deposits and the interest rate they receive on loans. B) earn profit according to how much the Federal Reserve pays them. C) earn money by charging the government for their se rvices. D) earn zero profit but receive compensation by the government because their services are so valuable. 5) The major role of a commercial bank i s to A) make mortgage loans. B) sell shares and use the proceeds to buy stocks. C) receive deposits and make loans. D) restrain the growth of the quantity of money.
This question was answered on: May 23, 2022
This attachment is locked
Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)
May 23, 2022EXPERT
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions: