Question 1 Select the correct answer to complete each statement. issues charters for The new national banks. [Choose] [Choose] The state banking commissions (at the state level) and the Office of the Comptroller of the Currency (at the federal level) are the only ones able to issue a(n) for a new U.S. bank. The new state banks. issues charters for [Choose] The Central Bank in the USA is [Choose] [Choose] Office of the Comptroller of the Currency (OCC) Federal Reserve charter state banking commission Question 2 One of the benefits for a bank securing a federal (national) charter instead of a state charter is that: federal rules can pre-empt state laws. a federal charter is generally easier and less costly to secure. a federal charter often allows to lend a higher percentage of capital to a single borrower. a federal charter usually entails lower supervisory fees. Question 3 10 pts Select the correct answer to complete each statement. A(n). terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account [Choose] [Choose point-of-sale (POS) branch office automated teller machine (ATM) Internet A(n) combines a computer terminal, record keeping system, and vault cash in one unit allowing customers to withdraw money, check deposit balances and other limited services 24 hours a day. "Virtual" banks are found on the and more and more banks anks are using this medium to deliver selected services. Choose Question 4 Select the correct answer to complete each statement. Depository institutions are required to get [Choose] their deposits insured from the [Choose ] FDIC (Federal Deposit Insurance Corporation) The most effective delivery channel of multichannel financial services appears to be . It 2 to 3 years combines full-service branches and electronic digital cash (or smart cards) limited service facilities within the same firm. [Choose] allows customers to carry pocket-sized terminals with them and pay for goods and services and transfer funds as needed. These are already popular in Europe. A new Bank charter is usually profitable in [Choose] Question 1 Select the correct answer to complete each statement. issues charters for The new national banks. [Choose] [Choose] The state banking commissions (at the state level) and the Office of the Comptroller of the Currency (at the federal level) are the only ones able to issue a(n) for a new U.S. bank. The new state banks. issues charters for [Choose] The Central Bank in the USA is [Choose] [Choose] Office of the Comptroller of the Currency (OCC) Federal Reserve charter state banking commission Question 2 One of the benefits for a bank securing a federal (national) charter instead of a state charter is that: federal rules can pre-empt state laws. a federal charter is generally easier and less costly to secure. a federal charter often allows to lend a higher percentage of capital to a single borrower. a federal charter usually entails lower supervisory fees. Question 3 10 pts Select the correct answer to complete each statement. A(n). terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account [Choose] [Choose point-of-sale (POS) branch office automated teller machine (ATM) Internet A(n) combines a computer terminal, record keeping system, and vault cash in one unit allowing customers to withdraw money, check deposit balances and other limited services 24 hours a day. "Virtual" banks are found on the and more and more banks anks are using this medium to deliver selected services. Choose Question 4 Select the correct answer to complete each statement. Depository institutions are required to get [Choose] their deposits insured from the [Choose ] FDIC (Federal Deposit Insurance Corporation) The most effective delivery channel of multichannel financial services appears to be . It 2 to 3 years combines full-service branches and electronic digital cash (or smart cards) limited service facilities within the same firm. [Choose] allows customers to carry pocket-sized terminals with them and pay for goods and services and transfer funds as needed. These are already popular in Europe. A new Bank charter is usually profitable in [Choose]