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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 10
What did the Anti-Money Laundering Act of 2020 accomplish?
Answer can be found on page 180.
Correct!
2 / 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.
3 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
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
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.
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
In banking, a loan is considered _____ on a bank’s balance sheet.
Answer can be found on pages 184, 186.
8 / 10
Which of the following did the Dodd-Frank Act not do?
Correct! This act abolished the Office of Thrift Supervision.
9 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
10 / 10
What is another name for a fully digital bank that has no physical location?
Your score is
The average score is 60%
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