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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 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.
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.
Correct!
4 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
5 / 10
For nearly 200 years, this resource has been considered 'the bible” of the banking industry.
Answer can be found on page 179.
6 / 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.
7 / 10
Which of the following did the Dodd-Frank Act not do?
Correct! This act abolished the Office of Thrift Supervision.
8 / 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.
9 / 10
What is another name for a fully digital bank that has no physical location?
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%
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