BANKING CERTIFICATION TEST BANK
2026 COMPREHENSIVE QUESTIONS AND
SOLUTIONS GRADED A+
● Credit Unions. Answer: Non-profit organizations, owned by members,
offers diverse services to its members. Many times credit unions serve
members who have a common affiliation such as community or
employer.
● Unbanked. Answer: Those individuals do not deposit funds into a bank
or credit union or keep their money in a specific account.
● Mobile Banking. Answer: Mobile access through an application on a
smart phone or website.
● Internet Only Bank. Answer: Institution that is operated solely online;
offers all of the services of a "brick and mortar" institution without the
physical building.
● FDIC. Answer: Federal Deposit Insurance Corporation; provides
insurance for member banks up to $250,000.
● Depository Institutions. Answer: Financial institutions that accept
deposits from individuals. Also provides loans to individuals.
2026 COMPREHENSIVE QUESTIONS AND
SOLUTIONS GRADED A+
● Credit Unions. Answer: Non-profit organizations, owned by members,
offers diverse services to its members. Many times credit unions serve
members who have a common affiliation such as community or
employer.
● Unbanked. Answer: Those individuals do not deposit funds into a bank
or credit union or keep their money in a specific account.
● Mobile Banking. Answer: Mobile access through an application on a
smart phone or website.
● Internet Only Bank. Answer: Institution that is operated solely online;
offers all of the services of a "brick and mortar" institution without the
physical building.
● FDIC. Answer: Federal Deposit Insurance Corporation; provides
insurance for member banks up to $250,000.
● Depository Institutions. Answer: Financial institutions that accept
deposits from individuals. Also provides loans to individuals.
