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FBLA Banking & Financial Systems Test
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FBLA Banking & Financial Systems Test
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25 Questions

1. Which of these is NOT a suggested way to prevent check fraud?
2. Austin and Delaney are opening a restaurant together. Delaney also works as a business loan officer at a local bank. Austin has applied to Delaney's bank for a business loan for the restaurant, and Delaney is responsible for approving the loan. This is a clear example of a
3. What is a debt instrument issued for a period of more than one year with the purpose of raising capital through borrowing?
4. Which act of Congress places restrictions on loans by corporations to their executives?
5. A point is a value equal to ____ of a mortgage loan.
6. A line of credit is
7. To combat inflation, the government may institute any of the following policies EXCEPT
8. Exemptions
9. _________ is an illegal modification or reproduction of an instrument,
10. Money on deposit, minus _______, can be loaned by banks to customers.
11. Which of the following is not part of the on-going organizational structure of the Federal Reserve?
12. The most widely used computer management tool for financial forms is
13. On a FICO score, new credit is rated based on
14. Which of the following is NOT a typical duty of a bank teller?
15. Which of the following is part of the loyalty circle for a bank?
16. Which of the following elements of the FICO credit-scoring system carries the most weight?
17. Which of the following is not an accurate statement about computer-generated graphs?
18. ________ loans offered by retail banks do not require collateral.
19. Which of the following endorsements is the least secure?
20. How much insurance coverage is provided by the FDIC for an individual customer account?
21. Documentation of most credit problems stays in a consumer's file for at least
22. Which of the following is an example of a restrictive endorsement?
23. Which of the following statements is NOT true?
24. What is the net profit received from doing business with a given customer during the time that the customer continues to do business with a bank?
25. What form is completed to make sure that a checking account is accurate?