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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
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
3 / 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.
4 / 10
What did the Durbin Amendment add to the Dodd-Frank Act?
5 / 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.
6 / 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.
7 / 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.
8 / 10
What is the result if withdrawals from a checking account exceed the available funds?
9 / 10
Which of the following resources can teach you more about the evolution of banking laws?
10 / 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.
Your score is
The average score is 60%
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