by Cybill Cornell
Step into the intricate world of banking and finance with our Best Bank Quiz. This quiz will take you through a journey of fascinating facts, historical milestones, and modern banking practices. Whether you’re a finance professional or just curious about how banks operate, this quiz is designed to test your knowledge and perhaps even teach you something new. Ready to see how much you know about the banking industry? Let’s get started!
We recommend that you do not leave the page that you are taking this quiz in. Stay honest 🙂
Best Bank Quiz Questions Overview
1. Which bank is known as the ‘Bankers’ Bank’?
World Bank
Federal Reserve
Bank of America
HSBC
2. Which bank is the oldest in the world still in operation?
Bank of England
Banca Monte dei Paschi di Siena
Deutsche Bank
JPMorgan Chase
3. What does ATM stand for in banking?
Automated Teller Machine
Automatic Transaction Machine
Automated Transfer Machine
Automatic Teller Mechanism
4. Which country is home to the largest number of banks in the world?
United States
United Kingdom
Switzerland
China
5. What is the primary function of a central bank?
Issuing loans to the public
Managing the country’s currency and monetary policy
Providing insurance services
Offering investment advice
6. Which bank introduced the first credit card?
Citibank
Bank of America
Wells Fargo
Chase
7. What is a ‘bank run’?
A marathon sponsored by a bank
A sudden rush of withdrawals by depositors
A promotional event by a bank
A rapid increase in bank profits
8. Which financial institution is known for its ‘Too Big to Fail’ status?
Goldman Sachs
Lehman Brothers
AIG
JPMorgan Chase
9. What is the primary purpose of the International Monetary Fund (IMF)?
Providing loans to individuals
Promoting international monetary cooperation
Managing global stock exchanges
Regulating international trade
10. Which banking term refers to the interest rate at which banks lend to one another overnight?
Prime rate
Discount rate
Federal funds rate
LIBOR
11. Which bank is known for its ‘Gold Card’?
American Express
Visa
MasterCard
Discover
12. What does FDIC stand for?
Federal Deposit Insurance Corporation
Federal Debt Insurance Company
Financial Deposit Insurance Corporation
Federal Development Investment Corporation
13. Which bank is headquartered in Zurich, Switzerland?
Deutsche Bank
HSBC
UBS
Goldman Sachs
14. What is the primary function of investment banks?
Accepting deposits
Providing personal loans
Facilitating the issuance of securities
Offering savings accounts
15. Which bank is known for its ‘Blue Eagle’ logo?
Bank of America
Chase
Citibank
Wells Fargo
16. What is the term for a bank account that earns interest and allows for withdrawals?
Checking account
Savings account
Money market account
Certificate of deposit
17. Which banking regulation requires banks to maintain a certain level of reserves?
Basel III
Dodd-Frank Act
Glass-Steagall Act
Sarbanes-Oxley Act
18. Which bank is known for its ‘Red Umbrella’ logo?
Wells Fargo
Citibank
Bank of America
Chase
19. What is the term for a loan secured by real estate?
Personal loan
Auto loan
Mortgage
Student loan
20. Which bank is known for its ‘Lion’ logo?
HSBC
ING
Barclays
Deutsche Bank
21. What is the primary function of a retail bank?
Providing investment services
Offering insurance products
Serving individual customers with deposit and loan services
Facilitating international trade
We recommend that you do not leave the page that you are taking this quiz in. Stay honest 🙂
