BANKING AND FINANCIAL SYSTEMS 51-100
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67)  Banks with the word "National" in their name or the initials "N.A." following their name that are members of the Federal Reserve System are chartered and supervised by the
1 point
69)  _______________ is a collective rise in the supply of money, income, and prices.
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93)  An office building that was purchased five years ago for $570,000 was recently assessed for real estate tax purposes at 144% of its purchase price. The building's current assessed valuation is:
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98)  Which of the following accounts is most liquid?
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87)  The system used by the Federal Reserve to sell securities and record and store data about Treasury securities and their owners is called
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51)  Bonnie Bryce stopped by the family's insurance agency, Feelsafe Insurance, to pay the auto insurance premium on their policy with Redline Casualty. A month later, she received a cancellation notice from Redline. When she called Redline, she was told that Feelsafe had never forwarded her premium payments. An investigation revealed that Feelsafe's principal owner had used the funds to pay his own bills. It is likely that
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100)  Letters of credit are used in international finance to
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74)  The act that allows a consumer to change his or her mind about a loan until midnight of the third business day following the signing of the papers is the
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83)  A federal law allows banks to send you "substitute checks" in place of your original cancelled checks. What is this law called?
1 point
73)  The Second Bank of the United States
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77)
The Health Insurance Portability and Accountability Act of 1996
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92)  Employees fill out a ______ Form to instruct employers on the amount of Federal taxes to withhold from income.
1 point
65)  The Federal Reserve offers employment opportunities to a wide range of qualified personnel. Which of the following, however, is not a position offered by the Federal Reserve?
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72)  What is the central banking system of the United States?
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82)  Which of the following is not a reason for managing finances online?
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78)  One of the purposes of the Gramm-Leach-Bliley Act is to
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57)  Ari Levy invested $46,500 in the Mayflower Aggressive Growth Fund. This fund charges a 3% front-end load but no back-end load. Two years later, the value of his investment had grown by $9,620, and Ari elected to invest these funds in another mutual fund. At the time of the withdrawal, Ari's account balance was
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86)  The use of a Multiple Listing Service (MLS) occurs in which financial services field?
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71)  What is a T-Bill?
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80)  Most types of businesses keep tax records for all of the following except
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68)  The only state in which two Federal Reserve district headquarters banks are located is
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88)  When creating a financial plan for a customer, you will most likely utilize the following combination of software applications:
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70)  The Federal Reserve uses which of the following to review a bank's financial condition, management, and compliance?
1 point
66)  One unique feature of the $50 bill is the
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55)  Ditech, Lending Tree.com, and E-Loan.com are Internet sites that help consumers
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62)  At some banks, it is possible that you will be charged for all of the following except
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91)  Single people earning less than $50,000 per year, will most likely use the
1 point
79)  Giorgiana Brusconini deposited her paycheck in her checking account, which carries ATM privileges. A week later, she is unable to withdraw funds at the ATM. She called the bank and the bank's customer service representative found that the bank had not yet processed her paycheck. The bank did not notify her that the paycheck had been held. The law that sets forth the rights and responsibilities of Giorgiana and her bank in this case is the
1 point
89)  Financial amounts are calculated by using spreadsheet:
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75)  Which of the following organizations is a partner in strengthening economies by lending money to developing countries and expecting the loans to be repaid rather than serving as an aid program?
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59)  What are three areas of information that are found on a Profit and Loss Statement?
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60)  The comparison of a firm's total cash and near cash account balances with its current liabilities is sometimes referred to as the
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95)  Taxes owed are reduced dollar-for-dollar on a personal or corporate income tax return by
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76)  Investment transactions that take place in insurance companies are regulated by
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81)  ________ is a type of software to prepare income tax forms.
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85)  Technology used to provide security for the use of electronic signatures involves all the following except
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56)  Which one of the following is not an advantage of direct deposit for customers?
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96)  What is the major difference between consumer finance companies and sales finance companies?
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99)  Which of the following is a nondepository intermediary?
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61)  What is the charge added to a loan payment if the payment is made after a specified date?
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53)  All media of exchange that is currently circulating in a country is
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58)  The Abbots want to purchase a home that costs $176,000. For borrowers purchasing their first home, their lending institution requires a down payment of 16.5% on homes costing between $150,000 and $200,000. The Abbots will have to make a down payment of
1 point
97)  Investment banks
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90)  A program that constantly monitors all transactions looking for abnormalities and helping to prevent hackers from gaining access to systems or records is
1 point
54)  The monetary unit known as the "Euro" is an official unit of currency in each of the following countries except
1 point
84)  Your bank might make an automatic debit to your checking account for the purpose of
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63)  Lenders must be careful when extending credit to potential borrowers. In order to reduce risk, credit-scoring systems (such as FICO) are used to assess the applicant's suitability for credit. Factors included in such scoring systems include all of the following except
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64)  What is the name of the federal government agency that insures all bank deposits up to $250,000 per person?
1 point
94)  What is an expense that you have an option to incur, but not an obligation to incur?
1 point
52)  The portrait on the front of a ten-dollar note is
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