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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 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.
2 / 10
Under which of the following can you find a banking profile for your individual state?
Answer can be found on page 181.
Correct! You can find individual state banking profiles under the Analysis section in the FDIC website.
3 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
Correct!
4 / 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.
5 / 10
What is the result if withdrawals from a checking account exceed the available funds?
6 / 10
For nearly 200 years, this resource has been considered 'the bible” of the banking industry.
Answer can be found on page 179.
7 / 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.
8 / 10
Which of the following resources can teach you more about the evolution of banking laws?
9 / 10
Where can you find an expert list of failed banks?
Correct! The FDIC maintains a list of banks that have failed since October 1, 2000.
10 / 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.
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