BANKING SERVICES CAREERS
QUESTIONS WITH COMPLETE
ANSWERS
Currency zz- zzAnswer zzan zzobject zzor zzgroup zzof zzobjects zzwidely zzagreed zzupon zzto
zzbe zzused zzas zza zzform zzof zzexchange; zzexamples zzof zzcurrency zzinclude zzcoins
zzand zzdollar zzbills zzwithin zza zznational zzsystem; zzUS zzcurrency zzis zzbased zzon zzthe
zzUS zzdollar, zzwhile zzin zzItaly zzthe zzrecognized zzcurrency zzis zzthe zzEuro
inflation zz- zzAnswer zzwhen zzthe zzcost zzof zzmost zzgoods zzand zzservices zzrise zzover
zztime; zzthis zzhas zzthe zzeffect zzof zza zzdollar zzbeing zzable zzto zzbuy zzless zzover zztime,
zzso zzits zzvalue zzdeflates zzas zzprices zzinflate
monetary zz- zzAnswer zzabout zznational zzmoney, zzas zzin zz"monetary zzsystem" zzor
zz"monetary zzexchange"
reserve zz- zzAnswer zzsomething zzof zzvalue zzsaved zzfor zzuse zzwhen zzneeded; zzin
zzearly zzbanking, zzbanks zzkept zzgold zzand zzsilver zzin zzreserve. zzToday. zzthey zzcan
zzkeep zzbonds zzand zzcurrency zzin zzreserve
solvency zz- zzAnswer zzthe zzcondition zzof zzbeing zzable zzto zzpay zzoff zzall zzyour zzdebts
Some zzpeople zzhold zzon zzto zzdollars zzas zza zzstore zzof zzvalue zzwhile zzothers zzuse zzit
zzas zza zz_____, zzto zzpurchase zzsomething zzthat zzis zzwanted zzor zzneeded. zz- zzAnswer
zzmedium zzof zzexchange
In zz1950, zzthe zzcost zzto zzgo zzto zza zzmovie zzwas zz25 zzcents. zzIn zz2014, zzthe zzcost
zzto zzgo zzto zza zzmovie zzis zz$15. zzThis zzcan zzbe zzattributed zzto zz_____. zz- zzAnswer
zzinflation
In zzearly zzbanking zzdays, zzbanks zzkept zzbonds zzand zzcurrency zzin zzreserve. zz-
zzAnswer zzfalse
If zzthe zzstock zzmarket zzwere zzto zzcrash zzand zzinvestors zzbecame zzincreasingly
zznervous zzabout zzthe zzfuture zzof zzthe zzeconomy's zzfinancial zzstability, zzthis zzcould
zzresult zzin zz_____. zz- zzAnswer zza zzbank zzrun
In zztoday's zzbanking zzindustry, zzif zza zzbank zzwere zzto zzexperience zza zzbank zzrun
zzand zzclose zzits zzdoors, zza zzdepositor zzcan zzstill zzrecover zztheir zzdeposits. zzThis zzis
, zzin zzpart zzdue zzto zzwhich zzpiece zzof zzlegislation? zz- zzAnswer zzthe zzbanking zzact zzof
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How zzmany zzRegional zzFederal zzReserve zzBanks zzexist? zz- zzAnswer zz12
An zzindividual zzmay zznot zzdeposit zzand zzwithdraw zzat zza zzFederal zzReserve zzBank
zzor zzits zzbranches. zz- zzAnswer zztrue
The zzmethods zzand zzrules zzthe zzFederal zzReserve zzuses zzto zzensure zzthe zzsafety
zzof zzyour zzmoney zzis zzcalled zz_____. zz- zzAnswer zzmonetary zzpolicy
Who zzprints zzand zzmints zzmoney zzin zzthe zzUnited zzStates? zz- zzAnswer zzUS
zzDepartment zzof zzTreasury
An zzinterest zzrate zzis zz_____. zz- zzAnswer zzWhat zzit zzcosts zzto zzborrow zzmoney zzfrom
zza zzlender
The zzhousing zzmarket zzhas zzcome zzto zza zzstandstill zzand zzthe zzgovernment zzwants
zzto zzencourage zzfirst-time zzhome zzbuyers zzto zzmake zzhousing zzpurchases. zzWhat
zzaction zzcan zzthe zzFed zztake zzthat zzwill zzmost zzlikely zzresult zzin zzmore zzfirst-time
zzhome zzpurchases? zz- zzAnswer zzdecrease zzinterest zzrates
Janie zzjust zzinherited zza zzlarge zzsum zzof zzmoney zzfrom zzher zzgrandmother zzin zzthe
zzamount zzof zz$10,000. zzJanie zzwas zzthinking zzof zzbuying zza zznew zzcar zzbut zzwould
zzrequire zzadditional zzmoney zzto zzcover zzthe zzfull zzcost zzof zzthe zzautomobile.
zzCurrently, zzinterest zzrates zzare zzhigh. zzWhat zzwould zzbe zzthe zzbest zzoption zzfor
zzJanie zzto zzdo? zz(Select zzall zzthat zzapply.) zz- zzAnswer zzDeposit zzthe zzmoney zzinto
zza zzbank zzaccount, zzwait zzuntil zzthe zzFed zzlowers zzthe zzdiscount zzrate zzto zztake zzout
zza zzcar zzloan
What zzwould zzmost zzlikely zzhappen zzif zzthe zzFederal zzReserve zzraises zzinterest
zzrates zzfrom zz5% zzto zz10%? zz(Select zzall zzthat zzapply.) zz- zzAnswer zzmore
zzconsumers zzwill zzborrow zzmoney, zzthe zzsale zzof zzbuilding zzsupplies zzwill zzdecrease
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zzaccountant zzasked zzMel zzto zzcreate zza zzspreadsheet zzof zzall zzhis zzliquid zzassets
zzthat zzare zzavailable zzin zzcase zzof zzan zzemergency. zzMel zzincluded zzthe zzbills zzand
zzcoins zzin zzhis zzpocket zzand zzthe zzcurrent zzmarket zzvalue zzof zzhis zzhome. zzWhich
zzof zzthe zzfollowing zzshould zzMel zzhave zzincluded zzon zzhis zzspreadsheet? zz(Select
zzall zzthat zzapply.) zz- zzAnswer zzcoins zzand zzbills, zzchecking zzaccount zzbalance
The zzFederal zzReserve zzhas zzset zzthe zzreserve zzratio zzat zz10%. zzYour zzlocal zzbank
zzhas zzdeposits zzof zz$150 zzmillion zzand zzreserves zzof zz$20 zzmillion. zzHow zzmuch zzin
zzexcess zzreserves zzis zzthe zzbank zzholding? zz- zzAnswer zz$5 zzmillion
QUESTIONS WITH COMPLETE
ANSWERS
Currency zz- zzAnswer zzan zzobject zzor zzgroup zzof zzobjects zzwidely zzagreed zzupon zzto
zzbe zzused zzas zza zzform zzof zzexchange; zzexamples zzof zzcurrency zzinclude zzcoins
zzand zzdollar zzbills zzwithin zza zznational zzsystem; zzUS zzcurrency zzis zzbased zzon zzthe
zzUS zzdollar, zzwhile zzin zzItaly zzthe zzrecognized zzcurrency zzis zzthe zzEuro
inflation zz- zzAnswer zzwhen zzthe zzcost zzof zzmost zzgoods zzand zzservices zzrise zzover
zztime; zzthis zzhas zzthe zzeffect zzof zza zzdollar zzbeing zzable zzto zzbuy zzless zzover zztime,
zzso zzits zzvalue zzdeflates zzas zzprices zzinflate
monetary zz- zzAnswer zzabout zznational zzmoney, zzas zzin zz"monetary zzsystem" zzor
zz"monetary zzexchange"
reserve zz- zzAnswer zzsomething zzof zzvalue zzsaved zzfor zzuse zzwhen zzneeded; zzin
zzearly zzbanking, zzbanks zzkept zzgold zzand zzsilver zzin zzreserve. zzToday. zzthey zzcan
zzkeep zzbonds zzand zzcurrency zzin zzreserve
solvency zz- zzAnswer zzthe zzcondition zzof zzbeing zzable zzto zzpay zzoff zzall zzyour zzdebts
Some zzpeople zzhold zzon zzto zzdollars zzas zza zzstore zzof zzvalue zzwhile zzothers zzuse zzit
zzas zza zz_____, zzto zzpurchase zzsomething zzthat zzis zzwanted zzor zzneeded. zz- zzAnswer
zzmedium zzof zzexchange
In zz1950, zzthe zzcost zzto zzgo zzto zza zzmovie zzwas zz25 zzcents. zzIn zz2014, zzthe zzcost
zzto zzgo zzto zza zzmovie zzis zz$15. zzThis zzcan zzbe zzattributed zzto zz_____. zz- zzAnswer
zzinflation
In zzearly zzbanking zzdays, zzbanks zzkept zzbonds zzand zzcurrency zzin zzreserve. zz-
zzAnswer zzfalse
If zzthe zzstock zzmarket zzwere zzto zzcrash zzand zzinvestors zzbecame zzincreasingly
zznervous zzabout zzthe zzfuture zzof zzthe zzeconomy's zzfinancial zzstability, zzthis zzcould
zzresult zzin zz_____. zz- zzAnswer zza zzbank zzrun
In zztoday's zzbanking zzindustry, zzif zza zzbank zzwere zzto zzexperience zza zzbank zzrun
zzand zzclose zzits zzdoors, zza zzdepositor zzcan zzstill zzrecover zztheir zzdeposits. zzThis zzis
, zzin zzpart zzdue zzto zzwhich zzpiece zzof zzlegislation? zz- zzAnswer zzthe zzbanking zzact zzof
zz1933
How zzmany zzRegional zzFederal zzReserve zzBanks zzexist? zz- zzAnswer zz12
An zzindividual zzmay zznot zzdeposit zzand zzwithdraw zzat zza zzFederal zzReserve zzBank
zzor zzits zzbranches. zz- zzAnswer zztrue
The zzmethods zzand zzrules zzthe zzFederal zzReserve zzuses zzto zzensure zzthe zzsafety
zzof zzyour zzmoney zzis zzcalled zz_____. zz- zzAnswer zzmonetary zzpolicy
Who zzprints zzand zzmints zzmoney zzin zzthe zzUnited zzStates? zz- zzAnswer zzUS
zzDepartment zzof zzTreasury
An zzinterest zzrate zzis zz_____. zz- zzAnswer zzWhat zzit zzcosts zzto zzborrow zzmoney zzfrom
zza zzlender
The zzhousing zzmarket zzhas zzcome zzto zza zzstandstill zzand zzthe zzgovernment zzwants
zzto zzencourage zzfirst-time zzhome zzbuyers zzto zzmake zzhousing zzpurchases. zzWhat
zzaction zzcan zzthe zzFed zztake zzthat zzwill zzmost zzlikely zzresult zzin zzmore zzfirst-time
zzhome zzpurchases? zz- zzAnswer zzdecrease zzinterest zzrates
Janie zzjust zzinherited zza zzlarge zzsum zzof zzmoney zzfrom zzher zzgrandmother zzin zzthe
zzamount zzof zz$10,000. zzJanie zzwas zzthinking zzof zzbuying zza zznew zzcar zzbut zzwould
zzrequire zzadditional zzmoney zzto zzcover zzthe zzfull zzcost zzof zzthe zzautomobile.
zzCurrently, zzinterest zzrates zzare zzhigh. zzWhat zzwould zzbe zzthe zzbest zzoption zzfor
zzJanie zzto zzdo? zz(Select zzall zzthat zzapply.) zz- zzAnswer zzDeposit zzthe zzmoney zzinto
zza zzbank zzaccount, zzwait zzuntil zzthe zzFed zzlowers zzthe zzdiscount zzrate zzto zztake zzout
zza zzcar zzloan
What zzwould zzmost zzlikely zzhappen zzif zzthe zzFederal zzReserve zzraises zzinterest
zzrates zzfrom zz5% zzto zz10%? zz(Select zzall zzthat zzapply.) zz- zzAnswer zzmore
zzconsumers zzwill zzborrow zzmoney, zzthe zzsale zzof zzbuilding zzsupplies zzwill zzdecrease
Mel zzwas zzmeeting zzwith zzhis zzaccountant zzto zzdiscuss zzhis zzfinances. zzThe
zzaccountant zzasked zzMel zzto zzcreate zza zzspreadsheet zzof zzall zzhis zzliquid zzassets
zzthat zzare zzavailable zzin zzcase zzof zzan zzemergency. zzMel zzincluded zzthe zzbills zzand
zzcoins zzin zzhis zzpocket zzand zzthe zzcurrent zzmarket zzvalue zzof zzhis zzhome. zzWhich
zzof zzthe zzfollowing zzshould zzMel zzhave zzincluded zzon zzhis zzspreadsheet? zz(Select
zzall zzthat zzapply.) zz- zzAnswer zzcoins zzand zzbills, zzchecking zzaccount zzbalance
The zzFederal zzReserve zzhas zzset zzthe zzreserve zzratio zzat zz10%. zzYour zzlocal zzbank
zzhas zzdeposits zzof zz$150 zzmillion zzand zzreserves zzof zz$20 zzmillion. zzHow zzmuch zzin
zzexcess zzreserves zzis zzthe zzbank zzholding? zz- zzAnswer zz$5 zzmillion
