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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 10
For nearly 200 years, this resource has been considered 'the bible” of the banking industry.
Answer can be found on page 179.
Correct!
2 / 10
What is another name for a fully digital bank that has no physical location?
Answer can be found on page 183.
3 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
4 / 10
Which of the following would qualify as a banking desert?
Answer can be found on page 182-183.
Correct! The correct radius to qualify as a banking desert is no physical branch within 2 miles for urban areas, 5 miles for suburban areas, and 10 miles for rural areas.
5 / 10
In banking, a loan is considered _____ on a bank’s balance sheet.
Answer can be found on pages 184, 186.
6 / 10
True or false: State-charted institutions and national banks are supervised by the same regulators.
There are some differences between them. You can check the cheat sheet on page 185 for more information.
Correct! There are some differences between them. You can check the cheat sheet on page 185 for more information.
7 / 10
What is the result if withdrawals from a checking account exceed the available funds?
8 / 10
Where can you find an expert list of failed banks?
Answer can be found on page 181.
Correct! The FDIC maintains a list of banks that have failed since October 1, 2000.
9 / 10
True or false: Bank failures no longer happen in today’s world.
Bank failures still happen - one of the most dramatic being the collapse of Silicon Valley Bank in 2023, the second-largest bank failure in U.S. history. Read more on page 178.
Correct! Bank failures still happen - one of the most dramatic being the collapse of Silicon Valley Bank in 2023, the second-largest bank failure in U.S. history.
10 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
Answer can be found on page 180.
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