Podcast
Questions and Answers
Each of the following falls into the category of bank assets except:
Each of the following falls into the category of bank assets except:
- loans
- investment securities.
- . demand deposits. (correct)
- . cash and due from banks.
. Banks generate their largest portion of income from:
. Banks generate their largest portion of income from:
- loans (correct)
- . short-term investments.
- demand deposits
- trading account gains & fees
Each of the following typically falls into the category of loans except:
Each of the following typically falls into the category of loans except:
- real estate
- . agricultural
- consumer.
- municipal. (correct)
Which of the following adjustments are made to gross loans and leases to obtain net loans
and leases?
Which of the following adjustments are made to gross loans and leases to obtain net loans and leases?
An example of a contra-asset account is:
An example of a contra-asset account is:
The noncash expense item on a bank's Report of Income designed to shelter a bank's current
earnings from taxes and to help prepare for bad loans is called:
The noncash expense item on a bank's Report of Income designed to shelter a bank's current earnings from taxes and to help prepare for bad loans is called:
A financial institution's bad-debt reserve, as reported on its balance sheet, is called:
A financial institution's bad-debt reserve, as reported on its balance sheet, is called:
When a bank serves as a security dealer for certain kinds of securities (mainly federal, state,
and local government obligations) the value of these securities is usually recorded in what
account on a bank's Report of Condition?
When a bank serves as a security dealer for certain kinds of securities (mainly federal, state, and local government obligations) the value of these securities is usually recorded in what account on a bank's Report of Condition?
___________ is calculated by deducting noninterest expense and provision for loan losses from
noninterest income
___________ is calculated by deducting noninterest expense and provision for loan losses from noninterest income
The account that is built up by annual noncash expense deductions and is subtracted from
Gross Loans on the Report of Condition is:
The account that is built up by annual noncash expense deductions and is subtracted from Gross Loans on the Report of Condition is:
Flashcards
Demand Deposits
Demand Deposits
Funds placed in a bank that are accessible on demand.
Bank Income Source
Bank Income Source
The primary source of revenue for banks, generated through interest and fees.
Loan and Lease Loss Allowance
Loan and Lease Loss Allowance
A contra-asset account reducing the gross loan value to reflect estimated credit losses.
Provision for Possible Loan Losses
Provision for Possible Loan Losses
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Allowance for Possible Loan Losses
Allowance for Possible Loan Losses
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Trading Account Assets
Trading Account Assets
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Net Noninterest Income
Net Noninterest Income
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Allowance for Possible Loan Losses
Allowance for Possible Loan Losses
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