
Banking Quiz Chapter 2
Quiz
•
Business
•
Professional Development
•
Practice Problem
•
Easy
Tai Nguyen
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank assets fall into each of the following categories except:
Loans.
Investment securities.
Demand deposits.
Noninterest cash and due from banks.
Other assets.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks generate their largest portion of income from:
Loans.
Short-term investment.
Demand deposits.
Long-term investments.
Certificates of deposit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loans typically fall into each of the following categories except:
Real estate.
Consumer.
Commercial and Industrial (business).
Agricultural.
Municipal.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following adjustments are made to gross loans and leases to obtain net loans and leases?
The loan and lease loss allowance is subtracted from gross loans
Unearned income is subtracted from gross interest received
Investment income is added to gross interest received
A and B.
A. and C.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a contra-asset account is:
The loan and lease loss allowance.
Unearned income.
Buildings and equipment.
Revenue bonds.
The provision for loan loss.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The noncash expense item on a bank's Report of Income designed to shelter a bank's current earnings from taxes and to help prepare for bad loans is called:
Short-term debt interest
Noninterest expense
Provision for taxes
Provision for possible loan losses
None of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial institution's bad-debt reserve, as reported on its balance sheet, is called:
Unearned income or discount
Allowance for possible loan losses
Intangible assets
Customer liability on acceptances
None of the above
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