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Exam (elaborations)

BPA BANKING AND FINANCE BANKING REGIONAL EXAM QUESTIONS AND ANSWERS 2025

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BPA BANKING AND FINANCE BANKING REGIONAL EXAM QUESTIONS AND ANSWERS 2025...

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Institution
BPA BANKING AND FINANCE BANKING REGIONAL
Course
BPA BANKING AND FINANCE BANKING REGIONAL

Document information

Uploaded on
February 25, 2025
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Unknown

Subjects

  • bpa
  • bpa banking
  • bpa banking and finance banking
  • bpa banking and finance banking regional
  • the rate the bank charges their best customer

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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)
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