@bizjournalism
Two Minute Tips
Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 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.
2 / 10
What is the result if withdrawals from a checking account exceed the available funds?
Answer can be found on page 187.
Correct!
3 / 10
How can you check if a bank is FDIC-insured?
Answer can be found on page 183.
Correct! This is a public tool on the FDIC’s website.
4 / 10
Which of the following did the Dodd-Frank Act not do?
Answer can be found on page 180.
Correct! This act abolished the Office of Thrift Supervision.
5 / 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.
6 / 10
What did the Anti-Money Laundering Act of 2020 accomplish?
7 / 10
As of 2024, approximately how many banking deserts were in the United States?
Correct! Banking deserts are more likely to occur in underserved, rural, and low-income areas.
8 / 10
Under which of the following can you find a banking profile for your individual state?
Correct! You can find individual state banking profiles under the Analysis section in the FDIC website.
9 / 10
The Federal Reserve is not responsible for:
Correct! The FDIC is the one responsible for insuring deposits and acts as the receiver for most failed banks.
10 / 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.
Your score is
The average score is 60%
Restart quiz
Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday
Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.
