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Banking and Investing Chapter 3.4 Flashcards | StudBud
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Banking and Investing Chapter 3.4
Banking and Investing Chapter 3.4
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chapter 3 section 4
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of these corporations supervise banking institutions?
OCC
FDIC
A,B,C
OTS
2
True/False:The Board of Representatives writes banking regulations?
False
True
3
What is a charter?
An illegal approval to operate a business
A legal approval to create a business
A legal approval to operate a business as a bank
A document
4
The acronym CAMEL stands for
Asset adequacy, Management, Capital, Earnings, Liquidity
Credit, Apple, Money, Entrepreneurship, Liability
Capitol, Asset adequacy, Money, Earnings, Liquidity
Capital, Asset adequacy, Management, Earnings, Liquidity
5
________data can be used to track trends within the banking industry.
CAMELS
None of the above
FDIC
SEER
6
Whose responsibility is it to enforce banking regulations?
12 Reserve Banks
Board of Governors
Federal Government
FDIC
7
True/False:Banks are not required to get permission from the fed before acquiring another bank.
False
True
8
Who writes banking regulations?
State Government
Federal Government
Reserve Bank
Board of Governors
9
True/False:Examiners use CAMELS rating system to evaluate five criteria of safety and soundness
False
True
10
CAMELS ratings are not __________ information
Private
Public
Government
General
