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FinCap Friday: Banks Decline at Record Highs Flashcards | StudBud
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FinCap Friday: Banks Decline at Record Highs
FinCap Friday: Banks Decline at Record Highs
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1
Physical branch closures disproportionately affect which types of communities?
Self-employed individuals
People in major cities
Low-income earners
High-income earners
2
True or False? Experts predict banks will eliminate physical branches entirely in the short-term.
True
False
3
How many American bank branches were closed from 2019 to 2023?
500
3,066
10,000
1,225
4
The National Community Reinvestment Coalition found that during the COVID-19 pandemic:
bank closures tripled
bank closures did not occur
bank closures decreased
bank closures doubled
5
What is the primary reason for the decline in the number of bank branches?
A major stock market crash
A technological shift, the pandemic and mergers
New government regulations put in place to hurt the banking industry
People no longer want to deal with money
