10 Question 1 A community bank is devoted primarily to the markets of: locally based deposits & loans deposits all over the USA loans all over the USA international markets 10p Question 2 The large money centered banks serve many different markets with many services and are diversifie both geographically and by product lines. True False Question 3 Electronic Branches do not include ATM's POS Terminals and personal computers. True False Question 4 One of the largest bank holding companies in the USA is: Bank of America Corporation FDIC Federal Reserve Federal Home Loan Bank A Bank Holding Company that wishes to acquire 5% or more of equity shares of another bank must seek approval from: Federal Reserve FDIC State Government in the state the holding company is incorporated. 10 pt Question 6 The Gramm Leach Bliley act of 1999 allowed banks to merge with security & insurance firms and sell other financial products. True False