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FDIC Technical Evaluation Exam Questions and Answers

FDIC Technical Examination Questions with correct Answers

What items should be fully deducted from Tier 1 Capital? - ️️- Goodwill - Deferred tax assets that arise from net operating loss and tax credit carry-forwards - Other intangible assets (except for mortgage servicing assets) - Gains on sale of securitization exposures - Certain investments in another financial institution's capital instruments - Unrealized gains or losses on certain cash flow hedges What is the formula for calculating CET1 Capital? - ️️Common Stock + Surplus Net ...

Bank Holding Company Act of 1956- Control is defined as the company directly or indirectly or acting through one or more other persons, owns, controls, or has the power to vote 25% or more of any class of voting securities of the bank or company. - ️️Control Definitions Minimum Security Devices and Procedures and Bank Secrecy Act Compliance - ️️Part 326 Filing Procedures - ️️Part 303 Forms, instructions, and reports - ️️Part 304 Certification of Assumption of Deposits and...

FDIC Technical Evaluation Exam 2024 Solved 100% Correct

A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWER-Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 months 1 year 2 years - ANSWER-2 years Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, s...

PADM Final Exam Questions and Answers 100% Pass The primary activity that Community Development Corporations tend to be involved in is: - ANSWER-Housing Developement Nixon created the Community Development Block Grant Program to give___________ more autonomy in decisions on how to spend resources in the community. - ANSWER-Localities The concept of community development is driven by one theory and a single set of issues and problems. - ANSWER-False Faith-based organizations are critical ...

Certified Public Accountant (CPA) - ANSWER-an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records brokerage house - ANSWER-A firm that offers various investing services, such as securities trading, research analysis, and advice. broker - ANSWER-person who acts as a go-between for buyers and sellers Certified Financial Planner (CFP) - ANSWER-...