BPA Banking and Finance 2025/2026 QUESTIONS AND
ANSWERS GUARANTEE A+
401k - A defined contribution plan that automatically takes out money from an employee's
paycheck before income taxes and invests it in mutual funds for purposes of retirement savings
aba numbers - numbers printed on checks and deposit slips that contain information as to the
bank, the area in which it is located, and the like
access check - looks like regular checks; supplied by the credit card company and, when written,
are treated like a purchase
affinity card - a credit card that promotes an organization's brand each time a cardholder uses it
allowances - Like discounts, are given to final consumers, customers, or channel members for
doing something or accepting less of something
amortization - Accounting procedure that gradually reduces the cost value of a limited life or
intangible asset through periodic charges to income. For fixed assets the terms used is
DEPRECIATION, and for wasting assets (natural resources) it is depletion, both terms meaning
essentially the same thing as amortization.
annualcreditreport.com - What is the name of the official government approved website to get a
free credit report?
annuity - Form of contract sold by life insurance companies that guarantees a fixed or variable
payment to the annuitant at some future time, usually retirement. In a FIXED ANNUITY the
amount will ultimately be paid out in regular installments varying only with the payout method
elected. In a VARIABLE ANNUITY, the payout is based on a guaranteed number of units; unit
values and payments depend on the value of the underlying investments. All earnings in the
annuity grow TAX-DEFERRED.
, APR - annual rate charged for borrowing
arrears - (n.,pl.) unpaid or overdue debts; an unfinished duty
automatic payments - utility companies, loan payments, and other businesses use an automatic
payment system with bills paid through direct withdrawal from a bank account.
bank draft - a check drawn by one bank on another bank in which it has funds on deposit.
bank laws - google em
bank regulator - entry, branching, type of assets and liabilities permitted, financial services that
could be offered, interest. rates that could be paid on deposits.
bank teller - Worker who handles bank deposits and withdrawals, sell traveler's checks and
foreign currency, accept loan payments, prepare certified checks or money orders, and may
handle other duties.
bankruptcy - A judicial procedure that allows a debtor to deal with a personal financial situration
that has become unmanageable. Under Chapter 11 a borrower is usually allowed to keep
possession of the property.
beneficiary - The recipient of funds, titles, property, and other benefits
bounced check - When you write a check and do not have sufficient funds in your checking
account to cover the check. Fees will be charged for every individual bounced check.
cashier's check - Check purchased at a bank or other financial institution. Frequently required
form of payment (as opposed to a personal check).
ANSWERS GUARANTEE A+
401k - A defined contribution plan that automatically takes out money from an employee's
paycheck before income taxes and invests it in mutual funds for purposes of retirement savings
aba numbers - numbers printed on checks and deposit slips that contain information as to the
bank, the area in which it is located, and the like
access check - looks like regular checks; supplied by the credit card company and, when written,
are treated like a purchase
affinity card - a credit card that promotes an organization's brand each time a cardholder uses it
allowances - Like discounts, are given to final consumers, customers, or channel members for
doing something or accepting less of something
amortization - Accounting procedure that gradually reduces the cost value of a limited life or
intangible asset through periodic charges to income. For fixed assets the terms used is
DEPRECIATION, and for wasting assets (natural resources) it is depletion, both terms meaning
essentially the same thing as amortization.
annualcreditreport.com - What is the name of the official government approved website to get a
free credit report?
annuity - Form of contract sold by life insurance companies that guarantees a fixed or variable
payment to the annuitant at some future time, usually retirement. In a FIXED ANNUITY the
amount will ultimately be paid out in regular installments varying only with the payout method
elected. In a VARIABLE ANNUITY, the payout is based on a guaranteed number of units; unit
values and payments depend on the value of the underlying investments. All earnings in the
annuity grow TAX-DEFERRED.
, APR - annual rate charged for borrowing
arrears - (n.,pl.) unpaid or overdue debts; an unfinished duty
automatic payments - utility companies, loan payments, and other businesses use an automatic
payment system with bills paid through direct withdrawal from a bank account.
bank draft - a check drawn by one bank on another bank in which it has funds on deposit.
bank laws - google em
bank regulator - entry, branching, type of assets and liabilities permitted, financial services that
could be offered, interest. rates that could be paid on deposits.
bank teller - Worker who handles bank deposits and withdrawals, sell traveler's checks and
foreign currency, accept loan payments, prepare certified checks or money orders, and may
handle other duties.
bankruptcy - A judicial procedure that allows a debtor to deal with a personal financial situration
that has become unmanageable. Under Chapter 11 a borrower is usually allowed to keep
possession of the property.
beneficiary - The recipient of funds, titles, property, and other benefits
bounced check - When you write a check and do not have sufficient funds in your checking
account to cover the check. Fees will be charged for every individual bounced check.
cashier's check - Check purchased at a bank or other financial institution. Frequently required
form of payment (as opposed to a personal check).
