TEST BANK FOR THE U.S. BANKING SYSTEM 3RD EDITION CENTER FOR FINANCIAL TRAINING | LATEST EDITION.

TEST BANK FOR THE U.S.
BANKING SYSTEM 3RD EDITION
CENTER FOR FINANCIAL
TRAINING




SCHOLARVAULT

, ANSWER: False
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.2.2 - LO: 2.2.2

1. Counterfeiting was not a problem when the government first began printing paper currency.
a. True
b. False
ANSWER: False
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.1.2 - LO: 2.1.2

2. The largest denomination dollar note currently printed is the $100 note.
a. True
b. False
ANSWER: True
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.1.2 - LO: 2.1.2

3. A loosening of lending oversight standards contributed to the recent mortgage crisis.
a. True
b. False
ANSWER: True
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.3.2 - LO: 2.3.2

4. During the mortgage and credit crises, the government did not intervene to rescue financial institutions on the brink of
failure.
a. True
b. False
ANSWER: False
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.3.2 - LO: 2.3.2

5. What was the most common medium of exchange in colonial America?
a. paper money
b. coins
c. checks
d. pieces of gold and silver
ANSWER: b
POINTS: 1
LEARNING OBJECTIVES: BNKG.CFFT.3.LO: 2.1.2 - LO: 2.1.2

6. The largest denomination of paper currency printed in the United States today is the
a. one hundred dollar note.
b. five hundred dollar note.



SCHOLARVAULT