Banking and Financial Services Exam
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
National banks are found - Correct answers✔✔across states
Which of the following is NOT one of the three basic categories of services offered by banks -
Correct answers✔✔insurance
an immediate money transfer from one person to another is conducted through - Correct
answers✔✔P2Ps
which of the following cannot be done at an ATM - Correct answers✔✔apply for a loan
what is the major source of revenue for most banks - Correct answers✔✔interest from loans
which of the following is an example of non-transactional banking - Correct
answers✔✔downloading bank statements
banks can do all of the following except - Correct answers✔✔print money
the FDIC insures each depositor up to - Correct answers✔✔250,000
which of the following is NOT a fee charged by a bank - Correct answers✔✔interest
, which of the following offers only loans to its customers - Correct answers✔✔finance company
which of the following is generally NOT a membership criteria for a credit union - Correct
answers✔✔income
a shard account is found at a(n) - Correct answers✔✔credit union
which of the following is NOT a primary function of commercial banks - Correct answers✔✔sell
insurance
all of the following are non-depository institutions except - Correct answers✔✔credit unions
periodic payments made to purchase are called - Correct answers✔✔
payments made to holders of stock are called - Correct answers✔✔dividends
which of the following is NOT a depository institution - Correct answers✔✔insurance company
banks recceive their largest amount of income from - Correct answers✔✔extending loans to
customers
which of the following is NOT a main factor in determining how much interest a bank charges
for a loan - Correct answers✔✔banks code of ethics
loans and securities are examples of a banks - Correct answers✔✔assets
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
National banks are found - Correct answers✔✔across states
Which of the following is NOT one of the three basic categories of services offered by banks -
Correct answers✔✔insurance
an immediate money transfer from one person to another is conducted through - Correct
answers✔✔P2Ps
which of the following cannot be done at an ATM - Correct answers✔✔apply for a loan
what is the major source of revenue for most banks - Correct answers✔✔interest from loans
which of the following is an example of non-transactional banking - Correct
answers✔✔downloading bank statements
banks can do all of the following except - Correct answers✔✔print money
the FDIC insures each depositor up to - Correct answers✔✔250,000
which of the following is NOT a fee charged by a bank - Correct answers✔✔interest
, which of the following offers only loans to its customers - Correct answers✔✔finance company
which of the following is generally NOT a membership criteria for a credit union - Correct
answers✔✔income
a shard account is found at a(n) - Correct answers✔✔credit union
which of the following is NOT a primary function of commercial banks - Correct answers✔✔sell
insurance
all of the following are non-depository institutions except - Correct answers✔✔credit unions
periodic payments made to purchase are called - Correct answers✔✔
payments made to holders of stock are called - Correct answers✔✔dividends
which of the following is NOT a depository institution - Correct answers✔✔insurance company
banks recceive their largest amount of income from - Correct answers✔✔extending loans to
customers
which of the following is NOT a main factor in determining how much interest a bank charges
for a loan - Correct answers✔✔banks code of ethics
loans and securities are examples of a banks - Correct answers✔✔assets
