1. What is the difference between what a bank pays in interest and what it receives in interest?

2. The following are examples of deposit-type institutions except:

3. A check that is dated six months or more before it is presented for payment or deposit is called a(n):

4. Who typically sets law or regulations regarding insurance companies?

5. Generally speaking, housing costs should not exceed ___of gross monthly income.

6. A trust officer of a bank is responsible for:

7. The alternative minimum tax has become controversial because many more middle-income taxpayers have to pay it. The original purpose of the alternative minimum tax was to:

8. Which one of the following is true about Treasury securities?

9. In 2002, there was a six-rate tax system. The six-rates were divided into three categories. Which one of the following is not one of the three categories?

10. Which one of the following is a retirement plan designed for self-employed people?

11. If your career goal is to become a Commercial Loan Officer, which one of the following is the least likely major you would select to obtain a bachelor's degree?

12. A person's adjusted gross income less any allowable tax deductions and ___is called taxable income.

13. Which one of the following agencies does not protect or aid consumers against unsafe products?

14. What was the most common medium of exchange in colonial America?

15. ______________is generally defined as the computer to computer exchange of business information through a standard interface.

16. Which one of the following is typically not an example of a fixed expense in a budget?

17. One of the characteristics of a 'growth' stock is that:

18. With the increase of electronic financial records, what is the language that has been created to establish consistency among records?

19. The National Currency Act of 1863 did all of the following except:

20. The type of savings account that claims a good rate of return, low minimum deposit, and the fact that it is free from local and state taxes as benefits is a:

21. Rules covering transactions conducted at ATMs, preauthorized transfers into and out of a customer's checking account, and involving a consumer's liability for unauthorized use of a debit card are established under:

22. Sven Jonssen just received a bill from Higher Wattage Electric, a local electrician, for $600. This includes $175 for 'completed' work that has been questioned by the local electrical inspector. Within a few days after the bill came, Sven wrote a letter to Higher Wattage stating that he does not believe that he should be billed for work that did not pass inspection. According to the Fair Credit Billing Act:

23. The gold-colored U.S. dollar coin features the likeness of:

24. Which one of the following is a service provided by a bank to ensure that an account holder does not make a debit that exceeds the amount in his/her account?

25. Which one of the following governing documents lists interest rates in effect at the time for various types of accounts?