FFA BANKING STUDY QUIZ

What is the approximate asset value of the Farm Credit System?

• $300 billion

• $514 billion

• $200 billion

• $600 billion

What is the role of the Farm Credit Administration (FCA)?

• To provide loans

• To regulate the Farm Credit System

• To offer insurance

• To manage investments

What are Farm Credit securities sold as?

• Stocks

• Systemwide bonds and discount notes

• Mutual funds

• Real estate

What is the main benefit of doing business with local Farm Credit offices?

• Lower interest rates

• Community knowledge and financial strength

• Free financial advice

• Faster loan processing

What is the benefit of the cooperative structure of the Farm Credit System?

• Higher interest rates

• Reasonably priced credit during good and bad times

• Limited loan options

• Exclusive membership

How many borrowers benefit from Farm Credit loans?

• More than 604,000

• More than 604

• More than 60,400

• More than 6,040,000

What type of cooperatives does CoBank finance?

• Only urban cooperatives

• Agricultural cooperatives and rural utilities

• Only international cooperatives

• Only educational cooperatives

What is AgriBank, FCB?

• A Farm Credit Bank based in Columbia, SC

• A Farm Credit Bank based in St. Paul, MN

• A Bank for Cooperatives

• An Agricultural Credit Association

What is a Bank for Cooperatives (BC)?

• An institution that provides lending and other financial services to farmer-owned cooperatives

• A bank that merges with the Farm Credit Bank of Louisville

• A bank that administers financial assistance to stressed institutions

• A bank that results from the merger of two Farm Credit Banks

What is the full name of the Farm Credit Act?

• Farm Credit Act of 1987

• Farm Credit Act of 1992

• Farm Credit Act of 1971

• Farm Credit Act of 2000