BPA BANKING AND FINANCE BANKING REGIONAL EXAM QUESTIONS AND ANSWERS 2025

BPA BANKING AND FINANCE BANKING REGIONAL
EXAM QUESTIONS AND ANSWERS 2025


1. The rate the bank charges their best customer is referred to as the prime rate. -
ANSWER TRUE (BPA Regional 2025 Banking and Finance)

2. The price paid for an insurance policy is called the deductible. - ANSWER
FALSE (BPA Regional 2025 Banking and Finance)

3. An allowance period is the time between the billing date and the start of
interest charges. - ANSWER FALSE (BPA Regional 2025 Banking and
Finance)

4. Most financial experts agree that families should set aide at least 20% of their
disposable
income each pay period. - ANSWER FALSE (BPA Regional 2025 Banking
and Finance)

5. Minors are not considered competent parties to enter into an agreement. -
ANSWER TRUE (BPA Regional 2025 Banking and Finance)

6. Inflation does not affect your investment strategy. - ANSWER FALSE
(BPA Regional 2025 Banking and Finance)

7. Credit files are updated monthly by computers and search procedures. -
ANSWER FALSE (BPA Regional 2025 Banking and Finance)

8. To shift or transfer risk, you buy insurance. - ANSWER TRUE (BPA
Regional 2025 Banking and Finance)

9. Interest-bearing accounts pay interest when the minimum balance is
maintained. - ANSWER TRUE (BPA Regional 2025 Banking and Finance)

10. A debit card is the same as a credit card. - ANSWER FALSE (BPA
Regional 2025 Banking and Finance)