checking

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.

    True
    False


advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

advertisement

Blog

David McMillin

Bank privacy disclosures go paperless

The CFPB is implementing a new rule that will allow certain banks and credit unions to stop sending privacy disclosures via standard mail. Do you understand your bank's privacy policies?  ... Read more

Partner Center
advertisement

Connect with us