Many recent bank closings can be tied to: credit default swaps, competition and recent laws governing banks, the recession, unethical practices and greed
FBLA: Banking & Financial Systems

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Other
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
unethical practices and greed
2.
FLASHCARD QUESTION
Front
What is another name for the rate of the return on a savings account?
Back
yield
3.
FLASHCARD QUESTION
Front
What is the first sale of a common stock to the public called?
Back
IPO
4.
FLASHCARD QUESTION
Front
What do actuaries do?
Back
evaluate the likelihood of future events
5.
FLASHCARD QUESTION
Front
What's the best action to take after an interview?
Back
Evaluate how you did and send a thank you note.
6.
FLASHCARD QUESTION
Front
When is revenue recorded? Options: contract talks reach a successful ending, when sales or services take place, cash is received from the customer, at the end of a quarter when financial statements need to be prepared
Back
when sales or services take place
7.
FLASHCARD QUESTION
Front
The Board of Governors are:
Back
appointed by the president and confirmed by the Senate for 14 year terms
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