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Chapter 17: Banking Quiz
Test your knowledge of the banking chapter material!
1 / 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.
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
In banking, a loan is considered _____ on a bank’s balance sheet.
Answer can be found on pages 184, 186.
4 / 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.
5 / 10
Under which of the following can you find a banking profile for your individual state?
Correct! You can find individual state banking profiles under the Analysis section in the FDIC website.
6 / 10
What is another name for a fully digital bank that has no physical location?
7 / 10
______ is commonly examined for risk of bank failure.
Answer can be found on page 187.
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
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.
10 / 10
Which of the following resources can teach you more about the evolution of banking laws?
Answer can be found on page 180.
Your score is
The average score is 53%
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