This quiz works best with JavaScript enabled. Home > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 34 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When you enter your PIN at an ATM you should always A) Shield your screen. B) Say it out loud. C) Write it down on the deposit slip. D) Count your money at the machine to make sure it is accurate. Show Answer Correct Answer: A) Shield your screen. 2. A check from a personal checking account that has been stamped by the bank to guarantee that there are sufficient funds in the account to cover it A) Certified checks. B) Cashier's checks. C) Money orders. D) Traveler's checks. Show Answer Correct Answer: A) Certified checks. 3. The United States is divided into ..... Federal Reserve districts, with a central Federal Reserve bank in each district. A) 4. B) 12. C) 24. D) 50. Show Answer Correct Answer: B) 12. 4. Companies that make loans based on an individual's Collateral; an item of value one owns like a car.Lenders can sell the collateral to cover the value of an outstanding loan if the borrower cannot repay. Charge high interest. A) Title / pawn lenders. B) Pay day lender. C) Credit union. D) Mortgage broker. Show Answer Correct Answer: A) Title / pawn lenders. 5. Current deposit is also known as ..... A) Savings deposit. B) Demand deposit. C) Time deposit. D) Recurring deposit. Show Answer Correct Answer: B) Demand deposit. 6. Card that you use to pay for items and the money comes out of your checking account. A) Endorse. B) Overdrawn. C) Debit card. D) Statement. Show Answer Correct Answer: C) Debit card. 7. Banks sell services such as A) Personal credit. B) Housewares. C) Paper goods. D) Checking accounts, savings accounts, loans and investments. Show Answer Correct Answer: D) Checking accounts, savings accounts, loans and investments. 8. When filling out her checkbook, Sarah writes down numbers for each individual check to be able to identify that particular check if she needs to. The numbers she writes down make up the: A) ATM Card Number. B) ABA Number. C) Checking Account Number. D) Check Number. Show Answer Correct Answer: D) Check Number. 9. What is a central bank normally connected to and what does it do? A) None. B) It is normally part of or connected to the government of a country and manages the country's financial system. C) It runs the government. D) It is usually connected to money and sends it all over the world. Show Answer Correct Answer: B) It is normally part of or connected to the government of a country and manages the country's financial system. 10. Up-selling or cross-selling involves bank contact centers reaching out to customerswith all of the following strategies except: A) Product configurations. B) Product-centric approach. C) Product bundles. D) Prices designed specifically to meet the needs of customers. Show Answer Correct Answer: B) Product-centric approach. 11. Which one of the following is not an example of an agency that is focused on makingbanking safe and mutually beneficial across international borders? A) Bank for International Settlement. B) Asia Pacific Economic Cooperation. C) President's Working Group on Financial Markets. D) International Monetary Fund. Show Answer Correct Answer: C) President's Working Group on Financial Markets. 12. Which of the following is a tax that is taken on the money you earn from the job you preform? A) Sales tax. B) Social Security Tax. C) Income Tax. D) Estate Tax. Show Answer Correct Answer: C) Income Tax. 13. Anything of value that can be readily exchanged A) Asset. B) Liquid asset. C) Equity. D) Liability. Show Answer Correct Answer: B) Liquid asset. 14. Banks make loans because they make most of their income from the ..... they charge borrowers. A) Services. B) Fees. C) Interest. D) Classes. Show Answer Correct Answer: C) Interest. 15. Which of the following questions is NOT available with online banking? A) Transfer cash between accounts. B) Cash withdrawal. C) Order bank statements. D) Set up direct debits. Show Answer Correct Answer: B) Cash withdrawal. 16. What federal organization insures banks? A) FDCI. B) FDOC. C) FDIC. D) FDDC. Show Answer Correct Answer: C) FDIC. 17. Has a built in microprocessor instead of a magnetic security strip A) Saving accounts. B) Smart cards. C) Funds. D) None of above. Show Answer Correct Answer: B) Smart cards. 18. Which of the below statements is false? A) Loan should be granted only after verifying the creditworthiness of borrower. B) All Securities should be kept in safe custody. C) Surprise checks should be made. D) All employees of the banks can have access to books of accounts of the banks. Show Answer Correct Answer: D) All employees of the banks can have access to books of accounts of the banks. 19. Bank Negara Malaysia was established on ..... A) 26 January 1959. B) 25 January 1959. C) 24 January 1959. D) 23 January 1959. Show Answer Correct Answer: A) 26 January 1959. 20. To sign the back of the check A) Endorse. B) Overdrawn. C) Debit card. D) Statement. Show Answer Correct Answer: A) Endorse. ← PreviousNext →Related QuizzesBanking QuizzesBanking And Financial Institutions Quiz 1Banking And Financial Institutions Quiz 2Banking And Financial Institutions Quiz 3Banking And Financial Institutions Quiz 4Banking And Financial Institutions Quiz 5Banking And Financial Institutions Quiz 6Banking And Financial Institutions Quiz 7Banking And Financial Institutions Quiz 8Banking And Financial Institutions Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books