banking final exam review. the 5 characteristics of money are
TRANSCRIPT
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Banking
Final Exam Review
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The 5 characteristics of money are
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Describe a sole proprietorship
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What is the OCC responsible for?
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What is wampum?
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Principles concerned with the goodness or badness of human
actions are called_________
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What was the first bank in the U.S.?
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Why did the government encourage people to borrow
money for homes and cars during the great depression in the 1930s?
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Who is responsible for printing money?
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Day to day expenses such as a utility bill would be paid using
which bank service?
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Secured loans are backed by______
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Name companies that are part of the financial services industry
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What is the purpose of the Federal Reserve System?
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Money that is not backed by reserves of another commodity
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How many federal reserve banks are there?
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Who was the first secretary of treasury?
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What is a kickback?
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What is a mortgage?
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Your code of conduct when no one is watching is called________
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How do banks earn money?
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If someone steals and uses your credit card, what amount are you
required to pay?
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How does a debit card work?
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What is collateral?
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What services do banks and credit unions offer?
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A credit score of 850 is bad, good, or excellent?
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Paper money was first used in ?
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What is the purpose of a bank reconciliation?
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What is an adjustable rate loan?
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What does the Sarbanes-Oxley Act do?
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What is an average interest rate on credit cards?
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What happened in early Greece if you couldn’t pay your debts?
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What is an outstanding check?
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What is an IRA?
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What does a stock broker do?
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What will the banking system in the U.S. look like in the future?
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Why was the present banking system in the U.S. created?
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Savings accounts in banks are protected by the
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A partnership is __________
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What is a public company?
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Why do credit card companies target college students?
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What should you consider before choosing a bank?
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FDIC protects savings accounts up to $_____________
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What is a grace period?
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What are cowrie shells?
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What is a safe deposit box?
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What is a home equity loan?
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Who is the current secretary of treasury?
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What is the rule of 72?