Home > FBLA > Quizzes > FBLA Banking And Finance Test
FBLA Banking And Finance Test
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 49% Most missed: “A reverse mortgage is repaid”
FBLA Banking And Finance Test
Time left 00:00
25 Questions

1. About 60 percent of the deposit and loan business in the United States is done by
2. The rate to which a lender's interest rate is tied is called the
3. Which of the following is a provision of the Gramm-Leach-Bliley Act?
4. The largest denomination of paper currency in the United States today is the
5. Which of the following is an example of a restrictive endorsement?
6. A point is a value equal to of a mortgage loan.
7. Which of the following is considered a liability for a bank?
8. To which category of the money supply do transaction accounts belong?
9. It requires banks to record and report data on home lending in order to identify possible discriminatory patterns.
10. Which of the following is NOT a tip consumers should follow regarding the use of checks?
11. A form of asset-based lending that advances cash to a business in exchange for its receivables is called
12. Today the home ownership rate in the United States is about
13. Which of the following statements is NOT true?
14. The rate of interest the Federal Reserve charges banks for short-term loans is called the
15. To combat inflation in the 1970s and 1980s, the Federal Reserve
16. A check that is dated six months or more before it is presented for payment or deposit is called a(n)
17. A reverse mortgage is repaid
18. Which of the following assets is the most liquid?
19. The risk posed by variations in exchange rates between countries is called
20. The final step of the mortgage approval process is
21. A high DSCR indicates that a company has
22. The person who signs a draft is the
23. Which of the following type of business loan is often packaged with a real estate loan?
24. An instrument given by a bank on behalf of a buyer to pay back the bank of the seller a given sum in a given time is called a(n)
25. Most short-term business loans are for