BANKING CERTIFICATION STUDY GUIDE
2026 COMPLETE QUESTIONS AND
SOLUTIONS VERIFIED A+
● The Federal Reserve Bank of the United States is also known as the
A. people's bank.
B. central bank.
C. world bank.
D. retail bank.. Answer: B. central bank.
● Which best explains why banks consider interest on loans to be
important?
A. Interest enables them to control the economy.
B. Interest helps them to satisfy customers.
C. Interest enables them to stockpile money.
, D. Interest helps them cover business costs.. Answer: D. Interest helps
them cover business costs.
● The main role of banks in the nation's economy is to
A. store, lend, and invest money.
B. store, lend, and borrow money.
C. store, lend, and distribute money.
D. store, lend, and approve money.. Answer: A. store, lend, and invest
money.
● How do central banks govern the banking industry? Check all that
apply.
A. by deciding how much banks must keep in reserve
B. by overseeing the nation's payment system
C. by supervising the loan process at banks
2026 COMPLETE QUESTIONS AND
SOLUTIONS VERIFIED A+
● The Federal Reserve Bank of the United States is also known as the
A. people's bank.
B. central bank.
C. world bank.
D. retail bank.. Answer: B. central bank.
● Which best explains why banks consider interest on loans to be
important?
A. Interest enables them to control the economy.
B. Interest helps them to satisfy customers.
C. Interest enables them to stockpile money.
, D. Interest helps them cover business costs.. Answer: D. Interest helps
them cover business costs.
● The main role of banks in the nation's economy is to
A. store, lend, and invest money.
B. store, lend, and borrow money.
C. store, lend, and distribute money.
D. store, lend, and approve money.. Answer: A. store, lend, and invest
money.
● How do central banks govern the banking industry? Check all that
apply.
A. by deciding how much banks must keep in reserve
B. by overseeing the nation's payment system
C. by supervising the loan process at banks
