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Two Minute Tips
Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
Answer can be found on page 180.
Correct!
2 / 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.
3 / 10
Which of the following resources can teach you more about the evolution of banking laws?
4 / 10
In banking, a loan is considered _____ on a bank’s balance sheet.
Answer can be found on pages 184, 186.
5 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
6 / 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.
7 / 10
What did the Anti-Money Laundering Act of 2020 accomplish?
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
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.
10 / 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.
Your score is
The average score is 40%
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