Checking Basics: Chapter 4 quiz

If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.

  1. Phishing is the practice of:

    Catching phish.
    The selling of sensitive client information to third parties.
    Receiving your monthly bank statement via e-mail.
    Sending e-mails disguised as official bank inquiries, designed to trick you out of valuable, personal information such as passwords or account numbers.

  2. What is covered by the Federal Deposit Insurance Corp.?

    Stocks, bonds and mutual funds
    Losses due to robberies and dishonest tellers, also errors in your account.
    Safe-deposit boxes
    Checking accounts, MMDAs, savings accounts and CDs

  3. True or False: The CAEL rating reflects the financial health of a bank, thrift or credit unions based on the institutions' Capitalization, Asset quality, Earnings and Liquidity.



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CIT Bank's limited-time promo offers savers 0.95 percent and up to $200 for opening and funding one of its high-yield savings accounts by Dec. 31, 2016.  ... Read more

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