POB313 ch 1-5 exam WITh cORRecT acTUaL QUeSTIONS aND
cORRecTLY WeLL DeFINeD aNSWeRS LaTeST 2025 – 2026
aLReaDY GRaDeD a+||PaSS!!!
What law was passed by Congress to restore investor confidence in publicly held corporations?
- DETAILED ANSWER -Sarbanes-Oxley Act
A corporation that owns or controls one or more banks is a(n): - DETAILED ANSWER -Bank holding
company
What was a factor in causing the Great Depression? - DETAILED ANSWER -No margin requirements
Drafts of regulations are published in the: - DETAILED ANSWER -Federal Register
The future of banking will likely include: - DETAILED ANSWER -More innovation
What is an example of financial intermediary? - DETAILED ANSWER -Credit union
What tool is used by the Federal Reserve to control the money supply? - DETAILED ANSWER -
Changing the discount rate
What new federal agency was created by the Dodd-Frank Act? - DETAILED ANSWER -Consumer
Financial Protection Bureau
What service specializes in cashing checks for a fee? - DETAILED ANSWER -Money service
businesses
, What group supervises nonmember state banks? - DETAILED ANSWER -Federal Deposit Insurance
Corporation
What federal law requires federal bank regulators to periodically evaluate how financial
institutions meet the credit needs of their communities? - DETAILED ANSWER -Community
Reinvestment Act
New restrictions on gift card expiration dates and inactivity fees were imposed by the: - DETAILED
ANSWER Credit CARD Act
What is the ability of a bank or business to meet its current obligations called? - DETAILED ANSWER -
liquidity
The chief risk with a loan is: - DETAILED ANSWER -credit risk
What is the interest rate the Federal Reserve charges banks for the short-term use of its funds?
- DETAILED ANSWER -discount rate
A(n) ______ bank has been in operation for five years or less. - DETAILED ANSWER -de novo
The difference between assets and liabilities is: - DETAILED ANSWER -equity
The annual financial report that public companies file with the SEC is called the: - DETAILED ANSWER
-Form 10-K
What measures how well the interest received on loans and offsets as well as exceeds the
interest paid on deposits? - DETAILED ANSWER -Net Interest income
What government entity buys and sells securities in open-market operations? - DETAILED ANSWER -
Federal Reserve Bank of New York
cORRecTLY WeLL DeFINeD aNSWeRS LaTeST 2025 – 2026
aLReaDY GRaDeD a+||PaSS!!!
What law was passed by Congress to restore investor confidence in publicly held corporations?
- DETAILED ANSWER -Sarbanes-Oxley Act
A corporation that owns or controls one or more banks is a(n): - DETAILED ANSWER -Bank holding
company
What was a factor in causing the Great Depression? - DETAILED ANSWER -No margin requirements
Drafts of regulations are published in the: - DETAILED ANSWER -Federal Register
The future of banking will likely include: - DETAILED ANSWER -More innovation
What is an example of financial intermediary? - DETAILED ANSWER -Credit union
What tool is used by the Federal Reserve to control the money supply? - DETAILED ANSWER -
Changing the discount rate
What new federal agency was created by the Dodd-Frank Act? - DETAILED ANSWER -Consumer
Financial Protection Bureau
What service specializes in cashing checks for a fee? - DETAILED ANSWER -Money service
businesses
, What group supervises nonmember state banks? - DETAILED ANSWER -Federal Deposit Insurance
Corporation
What federal law requires federal bank regulators to periodically evaluate how financial
institutions meet the credit needs of their communities? - DETAILED ANSWER -Community
Reinvestment Act
New restrictions on gift card expiration dates and inactivity fees were imposed by the: - DETAILED
ANSWER Credit CARD Act
What is the ability of a bank or business to meet its current obligations called? - DETAILED ANSWER -
liquidity
The chief risk with a loan is: - DETAILED ANSWER -credit risk
What is the interest rate the Federal Reserve charges banks for the short-term use of its funds?
- DETAILED ANSWER -discount rate
A(n) ______ bank has been in operation for five years or less. - DETAILED ANSWER -de novo
The difference between assets and liabilities is: - DETAILED ANSWER -equity
The annual financial report that public companies file with the SEC is called the: - DETAILED ANSWER
-Form 10-K
What measures how well the interest received on loans and offsets as well as exceeds the
interest paid on deposits? - DETAILED ANSWER -Net Interest income
What government entity buys and sells securities in open-market operations? - DETAILED ANSWER -
Federal Reserve Bank of New York
