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Two Minute Tips
Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 10
In banking, a loan is considered _____ on a bank’s balance sheet.
Answer can be found on pages 184, 186.
Correct!
2 / 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.
3 / 10
For nearly 200 years, this resource has been considered 'the bible” of the banking industry.
Answer can be found on page 179.
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
As of 2024, approximately how many banking deserts were in the United States?
Answer can be found on page 183.
Correct! Banking deserts are more likely to occur in underserved, rural, and low-income areas.
6 / 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.
7 / 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.
8 / 10
What is another name for a fully digital bank that has no physical location?
9 / 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.
10 / 10
What is the result if withdrawals from a checking account exceed the available funds?
Answer can be found on page 187.
Your score is
The average score is 60%
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