Banking and Financial Services Final Exam
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Identify - Correct answers✔✔The better you can ______ your goals, the better you can
incorporate them into your spending plan.
Which of the following is the rate at which a unit of currency of one country can be exchanged
for a unit of currency of another country? - Correct answers✔✔Exchange Rate
Identity theft can _____ your _____. - Correct answers✔✔Ruin
Credit
A ______ goal is one you want to achieve in more than five years and possibly up to ____ to 35
years. - Correct answers✔✔Long-term
30
Not an advantage of online and mobile banking? - Correct answers✔✔Manual bank
reconciliation is still required.
What is the purpose of providing a bank statement to a customer? - Correct answers✔✔To
provide a snapshot of activity on the account during a specific time period
Ethics _____ from person to person - Correct answers✔✔Vary
Ethics are generally termed as "______" - Correct answers✔✔Gray areas
, Types of insurance fraud - _______ theft reports, workers ________ fraud - Correct
answers✔✔Falsifying
Compensation
Credit cards- It is recommended you carry one for purchases you make ______ and have a
separate card for _____ purchases - Correct answers✔✔In person
Online
A monthly utility bill is an example of a ______ expense. - Correct answers✔✔Variable
When creating a password for your online accounts, use a combination of _____, upper and
lower case, and ______. - Correct answers✔✔Letters
Numbers
When you have more than one account, such as a checking and savings account, you are able to
make ______ between these accounts, and usually at no costs - Correct answers✔✔Transfers
Credit cards are ______ and common targets for identity thieves. - Correct answers✔✔Easy
If a victim of identity theft, they need to file a ______ so that they can begin the process to find
the criminal. - Correct answers✔✔Police report
An example of non-familiar password would be _______ - Correct answers✔✔R4eab973K
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Identify - Correct answers✔✔The better you can ______ your goals, the better you can
incorporate them into your spending plan.
Which of the following is the rate at which a unit of currency of one country can be exchanged
for a unit of currency of another country? - Correct answers✔✔Exchange Rate
Identity theft can _____ your _____. - Correct answers✔✔Ruin
Credit
A ______ goal is one you want to achieve in more than five years and possibly up to ____ to 35
years. - Correct answers✔✔Long-term
30
Not an advantage of online and mobile banking? - Correct answers✔✔Manual bank
reconciliation is still required.
What is the purpose of providing a bank statement to a customer? - Correct answers✔✔To
provide a snapshot of activity on the account during a specific time period
Ethics _____ from person to person - Correct answers✔✔Vary
Ethics are generally termed as "______" - Correct answers✔✔Gray areas
, Types of insurance fraud - _______ theft reports, workers ________ fraud - Correct
answers✔✔Falsifying
Compensation
Credit cards- It is recommended you carry one for purchases you make ______ and have a
separate card for _____ purchases - Correct answers✔✔In person
Online
A monthly utility bill is an example of a ______ expense. - Correct answers✔✔Variable
When creating a password for your online accounts, use a combination of _____, upper and
lower case, and ______. - Correct answers✔✔Letters
Numbers
When you have more than one account, such as a checking and savings account, you are able to
make ______ between these accounts, and usually at no costs - Correct answers✔✔Transfers
Credit cards are ______ and common targets for identity thieves. - Correct answers✔✔Easy
If a victim of identity theft, they need to file a ______ so that they can begin the process to find
the criminal. - Correct answers✔✔Police report
An example of non-familiar password would be _______ - Correct answers✔✔R4eab973K
