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FBLA Banking And Financial Systems Test
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FBLA Banking And Financial Systems Test
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25 Questions

1. The risk posed by variations in exchange rates between countries is called
2. Which of the following is NOT a source of income for a bank?
3. If there is too much money moving in the economy
4. Which of the following is a provision of the Gramm-Leach-Bliley Act?
5. The person who signs a draft is the
6. The Emergency Banking Act of 1933
7. Which of the following assets is the most liquid?
8. Which of the following components of a fixed rate mortgage do not change?
9. Which of the following directly transfers money from a person's account to the account of a retailer?
10. A reverse mortgage is repaid
11. Which of the following elements of the FICO credit-scoring system carries the most weight?
12. The Real Estate Settlement Procedures Act was enacted
13. If banks must hold more money in reserve,
14. Which of the following elements of the money supply, as defined by the Federal Reserve, can be spent immediately?
15. The largest denomination of paper currency in the United States today is the
16. The Federal Reserve influences the federal funds rate by
17. Which of the following is NOT an element of negotiability?
18. The rate to which a lender's interest rate is tied is called the
19. Today the home ownership rate in the United States is about
20. Foreign banking organizations hold about of all U.S. commercial bank assets.
21. Which of the following types of lending accounts for the largest dollar market?
22. The person who creates a trust is called a
23. A point is a value equal to of a mortgage loan.
24. Which of the following is an example of a restrictive endorsement?
25. Which of the following statements about HOEPA loans is NOT true?