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FinTech || Questions and 100% Verified Answers.
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1) Which of the following statements is true? A) A bank's assets are its uses of funds. B) A bank's assets are its sources of funds. C) A bank's liabilities are its uses of funds. D) Only B and C of the above are true. correct answers A. a bank's assets are its uses of funds 2) Which of the ...

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  • August 2, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • 1 which of the following statements is true a a

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FinTech || Questions and 100% Verified Answers.
1) Which of the following statements is true?
A) A bank's assets are its uses of funds.
B) A bank's assets are its sources of funds.
C) A bank's liabilities are its uses of funds.
D) Only B and C of the above are true. correct answers A. a bank's assets are its uses of funds
2) Which of the following are reported as liabilities on a bank's balance sheet?
A) reserves
B) checkable deposits
C) loans
D) deposits with other banks correct answers B. checkable deposits
3) Which of the following are reported as assets on a bank's balance sheet?
A) discount loans from the Fed
B) loans
C) borrowings
D) only A and B of the above correct answers B. loans
4) The most important category of assets on a bank's balance sheet is
A) discount loans.
B) securities.
C) loans.
D) cash items in the process of collection. correct answers C. loans
5) Which of the following bank assets are the least liquid?
A) reserves
B) mortgage loans
C) cash items in process of collection
D) deposits with other banks correct answers B. mortgage loans
6) Which of the following bank assets are the most liquid?
A) consumer loans
B) reserves/Cash
C) cash items in process of collection
D) U.S. government securities correct answers B. reserves/Cash
7) Banks earn profits by selling ________ with attractive combinations of liquidity, risk, and return, and using the proceeds to buy ________ with a different set of characteristics.
A) loans, deposits
B) securities, deposits
C) liabilities, assets
D) assets, liabilities correct answers C. liabilities, assets
8) When you deposit $50 in the First National Bank, A) its liabilities decrease by $50.
B) its assets increase by $50.
C) its reserves decrease by $50.
D) only B and C of the above occur. correct answers D. only B and C of the above occur
9) The largest source of bank income is
A) interest on loans.
B) interest on securities.
C) service charges on deposit accounts.
D) noninterest income. correct answers A. interest on loans
10. Which of the following has the greatest weight in determining a consumer's FICO score?
A) Current credit use
B) Credit mix
C) Payment history.
D) Length of credit history
E) Number of applications for new credit correct answers C. Payment history
11. The most important of the five Cs of credit when evaluating a consumer loan application is:
A) cash.
B) capacity.
C) character.
D) conditions.
E) competition. correct answers C. character
12. Which of the five Cs refers to an individual's wealth?
A) cash.
B) capacity.
C) character.
D) conditions.
E) capital correct answers E. capital
13. The national average FICO score is:
A) 370
B) 470
C) 570
D) 670
E) 770 correct answers D. 670
14. Peer to Peer Lenders use following information to screen borrowers
A) Credit History
B) Number of Public Records
C) Employment Status
D) HTML Character Length
E) All of the Above correct answers B. Number of Public Records

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