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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
Correct!
2 / 10
The acronym CAMEL represents the rating system regulators use for examining banks. What does the L stand for?
Answer can be found on page 186.
Correct! CAMEL stands for Capital, Asset quality, Management, Earnings and Liquidity.
3 / 10
Which of the following resources can teach you more about the evolution of banking laws?
Answer can be found on page 180.
4 / 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.
5 / 10
According to the Federal Reserve, how many bank branches closed between early 2020 to mid 2021 amidst the COVID pandemic?
Answer can be found on page 178.
6 / 10
True or false: The Fed, FDIC, and OCC have local offices in many regions.
Answer can be found on page 182.
Correct! Get to know the people in these offices, as they can be helpful resources.
7 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
8 / 10
Which of the following did the Dodd-Frank Act not do?
Correct! This act abolished the Office of Thrift Supervision.
9 / 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.
10 / 10
What is another name for a fully digital bank that has no physical location?
Your score is
The average score is 40%
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