Finance And Accounting

Question: Why do the words Debit and Credit have meanings on a bank statement different from the ones which they have in normal accounting ( i. e. a debit is actually a withdrawal, a credit a deposit)?
A
The bank statement is created from the bank's perspective, not the customer's

B
The bank industry has different rules from those of the GAAP

C
It has been a tradition since the 1800s

D
None of these

Note: Answer not sure
1. Report
Question: What is a bank branch?
A
The entire company of a bank including all locations

B
An investment tool

C
A physical location of a bank, or one of the several locations of larger banks

D
The internet site of a bank

Note: Answer not sure
1. Report
Question: What is the situation in which many customers try to withdraw their bank deposits simultaneously, but the bank's reserves are not sufficient to cover the withdrawals called?
A
Run

B
Overdraft

C
Panic

D
Bankruptcy

Note: Answer not sure
1. Report
Question: Why was the FDIC limit of insurance raised to $250,000 temporarily in 2008 thru 2009?
A
The failure of several banks created a need to bolster consumer confidence in the industry

B
To help consumers reduce their tax liabilities

C
To help stimulate the economy

D
To provide loans to consumers for housing

Note: Answer not sure
1. Report
Question: What is the primary way a bank earns money?
A
By selling memberships

B
Through ad revenue from their site

C
By paying lower interest on deposits and charging higher interest on advances

D
By charging fees on accounts

Note: Answer not sure
1. Report
Question: What is the primary function of a bank?
A
To act as a payment agent for its customers, and to borrow and lend money

B
To help people buy cars

C
To hide money from the IRS

D
To allow the rich to get richer

Note: Answer not sure
1. Report
Question: What is meant by the term "risk based pricing"?
A
Charging a higher rate from customers more likely to default

B
Pricing the online services of a bank high

C
Charging a higher rate from high net worth customers to capitalize on their wealth

D
Charging higher bank fees from customers based on their income

Note: Answer not sure
1. Report
Question: What does the term "Straight Paper" denote?
A
It is another name for a bond

B
It is another term for cash

C
It is a method used for depositing checks

D
It stands for unsecured notes, bills of exchange and/or banker's acceptances

Note: Answer not sure
1. Report
Question: What is a holder in due course?
A
The payee of a negotiable instrument

B
The drawee of a negotiable instrument

C
An innocent party who purchases a negotiable instrument without any defect in the instrument or any notice of dishonor.

D
The writer of a check

Note: Answer not sure
1. Report
Question: What is the term which describes illegally benefiting from float e. g. by depositing and drawing checks between accounts at two or more banks?
A
Floating

B
Rejecting

C
Kiting

D
Stocking

Note: Answer not sure
1. Report

First Prev 134 135 136 137 138 Next Last

Question: Why do the words Debit and Credit have meanings on a bank statement different from the ones which they have in normal accounting ( i. e. a debit is actually a withdrawal, a credit a deposit)?

Question: What is a bank branch?

Question: What is the situation in which many customers try to withdraw their bank deposits simultaneously, but the bank's reserves are not sufficient to cover the withdrawals called?

Question: Why was the FDIC limit of insurance raised to $250,000 temporarily in 2008 thru 2009?

Question: What is the primary way a bank earns money?

Question: What is the primary function of a bank?

Question: What is meant by the term "risk based pricing"?

Question: What does the term "Straight Paper" denote?

Question: What is a holder in due course?

Question: What is the term which describes illegally benefiting from float e. g. by depositing and drawing checks between accounts at two or more banks?