Answer each of these questions at least one page in length.
1.Not all financial assets are the right vehicle for everyone. Give an example of someone for whom a certificate of deposit would be useful. Also, give an example of someone for whom a certificate of deposit would be a bad choice.
2.One piece of evidence of how well a bank is managing its risks is the bank’s performance. In what two ways can a bank examiner determine how a bank is performing?
3.The Community Reinvestment Act was created in response to the issue of redlining. What is/was redlining and how did the act attempt to address it?