FBLA: Banking & Financial Systems

FBLA: Banking & Financial Systems

Assessment

Flashcard

Other

9th - 12th Grade

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

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

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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