BANKING PAST AND PRESENT QUIZ
NO.1
PIN stands for Personal _____ number - ANSWER...-identification
Charges that your bank must pay if you use an ATM that is "foreign," meaning not
owned by your bank are called - ANSWER...-interchange fees
Which of these statements is NOT true? - ANSWER...-not true: Monthly commitments
are regularly mailed accounts of your bank transactions and financial activity.
true: A password is a coded word or number used to provide security to the cardholder.
Surcharges are added fees for various services.
Banks normally levy ATM surcharges only on customers of other banks.
The program to access to find out about your personal account balances is called an
inquiry.
Local banks offer educational loans. - ANSWER...-true
A years-long record of how well a person pays their bills and is financially responsible is
called a - ANSWER...-credit history
There is a limit to how much you may withdraw from an ATM; some banks allow you up
to $200 to $300 per day. - ANSWER...-true
If someone has "A" type credit, it mean what? - ANSWER...-They have a good, strong
credit history.
The bank makes a profit by collecting loan fees and the interest the customer pays on
the loan, called - ANSWER...-servicing fees
Any property that may cover a person's liabilities
Repayment of loan is guaranteed by an asset
A bank official who will oversee the approval or denial of a loan
Stretching one's credit beyond the financial guidelines - ANSWER...-assets
secured loan
loan officer
overextending
Overhead fees include fees to cover the costs of processing the ATM records and
obtaining the money for the borrower. - ANSWER...-false
NO.1
PIN stands for Personal _____ number - ANSWER...-identification
Charges that your bank must pay if you use an ATM that is "foreign," meaning not
owned by your bank are called - ANSWER...-interchange fees
Which of these statements is NOT true? - ANSWER...-not true: Monthly commitments
are regularly mailed accounts of your bank transactions and financial activity.
true: A password is a coded word or number used to provide security to the cardholder.
Surcharges are added fees for various services.
Banks normally levy ATM surcharges only on customers of other banks.
The program to access to find out about your personal account balances is called an
inquiry.
Local banks offer educational loans. - ANSWER...-true
A years-long record of how well a person pays their bills and is financially responsible is
called a - ANSWER...-credit history
There is a limit to how much you may withdraw from an ATM; some banks allow you up
to $200 to $300 per day. - ANSWER...-true
If someone has "A" type credit, it mean what? - ANSWER...-They have a good, strong
credit history.
The bank makes a profit by collecting loan fees and the interest the customer pays on
the loan, called - ANSWER...-servicing fees
Any property that may cover a person's liabilities
Repayment of loan is guaranteed by an asset
A bank official who will oversee the approval or denial of a loan
Stretching one's credit beyond the financial guidelines - ANSWER...-assets
secured loan
loan officer
overextending
Overhead fees include fees to cover the costs of processing the ATM records and
obtaining the money for the borrower. - ANSWER...-false
