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Newest Banking Questions

1. Use the table to answer the question.Years Amount 1 $1,080 2 $1,160 3 $1,240 The table shows the amount of money in a bank
   1. 1 answer
   2. 19 views
2. Use the table to answer the question.Years Amount 1 $1,080 2 $1,160 3 $1,240 The table shows the amount of money in a bank
   1. 1 answer
   2. asked by ues
   3. 22 views
3. Assume a bank offers an effective annual rate of 5.60%. If compounding is quarterly what is the APR?
   1. 3 answers
   2. asked by 123
   3. 22 views
4. A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded continuously?
   1. 1 answer
   2. asked by 123
   3. 16 views
5. A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded monthly?
   1. 1 answer
   2. asked by 123
   3. 20 views
6. A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly?
   1. 1 answer
   2. asked by 123
   3. 18 views
7. QuestionWhat is interest? Responses Money paid to the banks to people who leave money in a bank account Money paid to the banks
   1. 1 answer
   2. 6 views
8. a savings account is opened with $15 and increases monthly by 20%. Complete the graph of the geometric sequence by labeling the
   1. 1 answer
   2. 6 views
9. QuestionWhich of the statements is accurate regarding the benefits of the Federal Reserve issuing repurchase agreements (repos)
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   2. 12 views
10. What is an interest rate?(1 point) Responses a loan add-on a loan add-on a required bank fee a required bank fee a service
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    2. 23 views
11. Use the table to answer the questionYears Amount 1 $1,080 2 $1,160 3 $1,240 The table shows the amount of money in a bank
    1. 1 answer
    2. 8 views
12. What is the interest rate that banks charge each other for overnight and short-term lending?(1 point)Responses prime rate prime
    1. 1 answer
    2. 8 views
13. Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $144 in interest
    1. 1 answer
    2. asked by drakeboing
    3. 9 views
14. A formal relationship between you and a bank, where the bank keeps your money for you until you need itGroup of answer choices
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    2. 21 views
15. Select the correct answer.Which of the following is an example of a bank fee? A. bank teller fee B. monthly service fee C.
    1. 1 answer
    2. asked by Neko :3
    3. 12 views
16. Select the correct answer.Maria inherited a sum of money from her grandparents. She doesn't plan to make any big purchases in
    1. 1 answer
    2. asked by Neko :3
    3. 8 views
17. Select the correct phrase from each box.Complete the paragraph about electronic banking services. A is an electronic payment
    1. 1 answer
    2. asked by Neko :3
    3. 9 views
18. How much simple interest is earned after 5 years if a bank lends $10,000 to a business for 8 percent a year
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 6 views
19. Select all the correct answers.For which two of the following reasons do people choose to put money in a savings account? A
    1. 1 answer
    2. 11 views
20. What is one way that certificates of deposit (CDs) differ from other saving services?(1 point)Responses Certificates of deposit
    1. 1 answer
    2. asked by SS
    3. 14 views
21. Oliwia is opening a bank account . She learns that there is a special promotion where if she deposits $3,000 and then makes no
    1. 1 answer
    2. asked by DL
    3. 12 views
22. Ich ____ Geld aus der Bank.
    1. 1 answer
    2. 19 views
23. Sam opened a money-market account that pays 5% simple interest. He started the account with $7,000 and made no further deposits.
    1. 1 answer
    2. asked by optimus
    3. 17 views
24. If Jeanne opens account in bk, and make transfer of 100 from kcb to bk, prepare T account
    1. 1 answer
    2. 18 views
25. Select the correct answer from the drop-down menu.Fill in the correct term to complete the statement. Credit interest is the
    1. 1 answer
    2. 19 views
26. Select the correct answer from the drop-down menu.Fill in the correct term to complete the statement. is the interest amount
    1. 1 answer
    2. 22 views
27. Select the correct answer from each drop-down menu.In which type of credit does the bank allow you to borrow money up to a
    1. 1 answer
    2. 14 views
28. Select the correct answer from the drop-down menu.Fill in the correct term to complete the statement. You can withdraw money
    1. 1 answer
    2. 13 views
29. Select the correct answer from the drop-down menu.Fill in the correct term to complete the statement. You can withdraw money
    1. 1 answer
    2. 13 views
30. Select the correct answer.Katherine wants to open a bank account that allows her perform frequent transactions without being
    1. 1 answer
    2. 10 views
31. Select the correct answer.Why is it important to carefully read and understand a financial institution’s policies when opening
    1. 1 answer
    2. 9 views
32. Elijah is concerned that his bank is making poor financial decisions and worries that his $1,200deposited in savings will be
    1. 1 answer
    2. asked by lol
    3. 21 views
33. Which of the following is a 20th-century banking development that allows an individual to transfer funds from a checkable
    1. 1 answer
    2. asked by lol
    3. 23 views
34. Which of the following describes the practice of fractional-reserve banking?(1 point)Responses A bank loans a percentage of
    1. 1 answer
    2. asked by lol
    3. 25 views
35. U.S. Banking in the 20th Century Quick Check3 of 53 of 5 Items Question Which of the following is a 20th-century banking
    1. 1 answer
    2. asked by blobby
    3. 23 views
36. U.S. Banking in the 20th Century Quick Check2 of 52 of 5 Items Question Which of the following describes the practice of
    1. 1 answer
    2. asked by blobby
    3. 26 views
37. Which is true about principle?It is a percentage of the amount you borrow over time It is a simple way to compare all the
    1. 1 answer
    2. 19 views
38. A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded continuously?
    1. 1 answer
    2. asked by 123
    3. 30 views
39. Table 29-4Bank of Pleasantville Assets Liabilities Reserves $3,000 Deposits $50,000 Loans 47,000 Refer to Table 29-4. If the
    1. 1 answer
    2. asked by unknown 2.0
    3. 28 views
40. Demand deposits areincluded in M1 considered to be a near money not included in either M1 or M2 also called time deposits
    1. 1 answer
    2. 21 views
41. Choose the correct term from each box.Complete the paragraph about interest. In general, most savings accounts offer , except in
    1. 1 answer
    2. 16 views
42. Select all the correct answers.Which two of the following ways can individuals withdraw funds from their savings accounts? by
    1. 1 answer
    2. 18 views
43. Describe the events that led to the failure of Penn State Bank. How did its failure impact other financial institutions? (Site
    1. 1 answer
    2. 14 views
44. What should you do if a deposit made to an ATM on a date before the closing date is missing from your statement?(1 point)Respons
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    2. 27 views
45. BankingBen's bank account was overdrawn by $10 when he deposited $50 into his account. What was his new balance? (-10) + 50 50 +
    1. 1 answer
    2. 16 views
46. The amount of reserves that a commercial bank is required to hold is equal tothe amount of its demand deposits the sum of its
    1. 1 answer
    2. asked by pule
    3. 22 views
47. A bank is legally required to keep a certain fraction of its Blank 1 as Blank 2. These are called Blank 3Blank 1 Add your answer
    1. 1 answer
    2. asked by pule
    3. 18 views
48. Excess reserves refer to thedifference between a bank's vault cash and its reserves deposited at the Reserve Bank minimum amount
    1. 1 answer
    2. asked by pule
    3. 15 views
49. Suppose the reserve requirement is 20 percent. If a bank has cheque deposits of R4 million and actual reserves of R1 million, it
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    2. 13 views
50. Suppose the ABC bank has excess reserves of R4, 000 and outstanding cheque deposits of R80, 000. If the reserve requirement is
    1. 1 answer
    2. 16 views
51. Suppose the ABC bank has excess reserves of R4, 000 and outstanding cheque deposits of R80, 000. If the reserve requirement is
    1. 1 answer
    2. 23 views
52. Assume Company X deposits R100, 000 in cash in commercial Bank A. If no excess reserves exist at the time this deposit is made
    1. 1 answer
    2. 13 views
53. To determine the range of checks for which a checking account at Long's Bank generates more earnings than at Fellow's Bank, we
    1. 1 answer
    2. 17 views
54. Which is the most important function of banks in an economy?Responses extending credit extending credit guarding savings
    1. 1 answer
    2. 9 views
55. What is one way that certificates of deposit (CDs) differ from other saving services?(1 point)Responses Certificates of deposit
    1. 1 answer
    2. 28 views
56. ordan had $400 in the bank yesterday. Then, Jordan bought a new computer for $450, but didn't realize that he overdrew from his
    1. 1 answer
    2. 13 views
57. Use the table to answer the question.Years Amount 1 $1,080 2 $1,160 3 $1,240 The table shows the amount of money in a bank
    1. 1 answer
    2. 7 views
58. Which of these activities are you most likely to do in el banco?(1 point) Responses llenar el tanque llenar el tanque echar una
    1. 1 answer
    2. asked by d
    3. 18 views
59. A bank loaned out $11,000, part of it at 6% per year. If the interest received in one year totaled $1500, how much was loaned at
    1. 1 answer
    2. 11 views
60. Bank loaned out $11,000 part of it at the rate of 6% per year if the interest received in one year totaled $1500 how much was
    1. 1 answer
    2. 14 views
61. A bank loaned out 17,000, part of it af the rate of 8% per year and the rest at 16% per year. If the interest received in one
    1. 1 answer
    2. 15 views
62. Which of the following is true of interest?(1 point) Responses It is calculated only once, when you first take out the loan. It
    1. 1 answer
    2. 8 views
63. Which statement best describes a characteristic of money market accounts?(1 point) Responses Money market accounts have a
    1. 1 answer
    2. 5 views
64. Which statement best describes a characteristic of a regular savings account?(1 point) Responses Regular savings accounts are
    1. 1 answer
    2. 15 views
65. 1. Which are two advantages of having an account at a local community bank versus a national bank?A. Community banks are
    1. 1 answer
    2. asked by chatijustfarted🤕
    3. 15 views
66. If one spends more money than they have in their bank account, they are charged a what?(1 point)Responses Debt fee Debt fee
    1. 1 answer
    2. 11 views
67. Which of the following purchasing cards removes funds from one’s checking account almost instantly after one makes a
    1. 1 answer
    2. 13 views
68. When one receives a product or service now, but pays for it later, it is known as what?(1 point)Responses Credit Credit Debit
    1. 1 answer
    2. 6 views
69. A certificate of deposit (CD) differs from a traditional savings account in what way?(1 point)Responses CDs are a riskier
    1. 1 answer
    2. 16 views
70. When seeking to open a bank account, which of the following is needed?(1 point)Responses Blank checks Blank checks
    1. 1 answer
    2. 13 views
71. How do banks create money?by holding money in their vaults by issuing loans and opening checking accounts by charging interest
    1. 1 answer
    2. 8 views
72. Bank examiners are _____.more interested in regulating the overall money supply than the net worth of member banks authorized to
    1. 1 answer
    2. 12 views
73. Which defines a bank as used in finance?The land alongside or sloping down to a river or lake A depository account A financial
    1. 1 answer
    2. 11 views
74. Julio applies for a loan from a bank to start his own business. What factor will the bank consider when assessing Julio's credit
    1. 1 answer
    2. 7 views
75. The _____ is the interest rate that banks make available to their best business customers.a. mortgage rate b. prime rate c.
    1. 1 answer
    2. 18 views
76. What is one way that certificates of deposit (CDs) differ from other saving services?(1 point)Responses Certificates of deposit
    1. 1 answer
    2. 15 views
77. Consider a savings account earning annual compound interest with no additional deposits or withdrawals made after the initial
    1. 1 answer
    2. 16 views
78. Select the correct answer from each drop-down menu.Complete the statement with correct answers. is the interest that the bank
    1. 1 answer
    2. 15 views
79. Select the correct answer from each drop-down menu.Complete the statement with correct answers. A is a check that you have
    1. 1 answer
    2. 24 views
80. Select the correct answer from each drop-down menu.Select the type of assessment that best fits the sentence. Jeff wants to open
    1. 1 answer
    2. 13 views
81. Which of the following statements about a bank's balance sheet is true?a. An increase in a bank's capital increases its leverage
    1. 1 answer
    2. asked by unknown 2.0
    3. 16 views
82. Why do banks hold reserves?a. To meet the cash needs of their depositors. b. To pay depositors in gold. c. To buy real estate if
    1. 1 answer
    2. asked by unknown 2.0
    3. 7 views
83. Fractional reserve banking explains how banks:a. help balance the government's budget. b. help customers buy stocks. c. convert
    1. 1 answer
    2. asked by unknown 2.0
    3. 5 views
84. Another name for a demand deposit is a:a. savings account. b. payroll check. c. checking account. d. time deposit.
    1. 1 answer
    2. asked by unknown 2.0
    3. 7 views
85. Checks written by the maker that have been cashed by the bank are​ ______________.
    1. 1 answer
    2. 5 views
86. How do you calculate for the total credit created when there is a new deposit and also when there is no new deposit present,when
    1. 7 answers
    2. 14 views
87. How to open an account for major in telegram so that money can enter my real first bank account
    1. 1 answer
    2. 9 views
88. A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?
    1. 2 answers
    2. asked by 123
    3. 17 views
89. Elijah is concerned that his bank is making poor financial decisions and worries that his $1,200 deposited in savings will be
    1. 1 answer
    2. 12 views
90. Which of the following is a 20th-century banking development that allows an individual to transfer funds from a checkable
    1. 1 answer
    2. 18 views
91. Which of the following describes the practice of fractional-reserve banking?(1 point)Responses The United States issues a
    1. 1 answer
    2. 19 views
92. What is the federal funds rate?process by which banks record whose account gives up money and whose account receives money when
    1. 1 answer
    2. 13 views
93. What is the required reserve ratio (RRR)?the ratio of commercial to personal loans that a bank makes the amount of money a bank
    1. 1 answer
    2. 21 views
94. .Why does a bank sometimes hold excess reserves? to keep from lending too much money to make check clearing easier to protect
    1. 1 answer
    2. 5 views
95. What is it called when banks record which account gives up money and which account receives money when a customer writes a
    1. 1 answer
    2. 8 views
96. witch one is rightWhat are the most common transactions that appear on a bank statement?(1 point) Responses deposits deposits
    1. 1 answer
    2. 7 views
97. A bank is legally required to keep a certain fraction of its ________________ as ________________. These are called
    1. 1 answer
    2. asked by pule
    3. 26 views
98. If the reserve requirement is 20 percent, the monetary multiplier will benteger, decimal, or E notation allowed
    1. 1 answer
    2. asked by pule
    3. 14 views
99. A bank is legally required to keep a certain fraction of its Blank 1 as Blank 2. These are called Blank 3
    1. 1 answer
    2. 13 views
100. Excess reserves refer to thedifference between a bank's vault cash and its reserves deposited at the Reserve Bank minimum amount
     1. 1 answer
     2. asked by pule
     3. 25 views