#1
Which was the first bank chartered in the United States?
Bank of America
Bank of New York
First Bank of the United States
J.P. Morgan Chase Bank
#2
In which year was the Federal Reserve System established?
#3
Which president signed the Banking Act of 1933, also known as the Glass-Steagall Act?
Franklin D. Roosevelt
Herbert Hoover
Woodrow Wilson
Calvin Coolidge
#4
What does FDIC stand for in the context of banking?
Federal Deposit Insurance Corporation
Financial Disclosure and Integrity Commission
Federal Debt and Investment Consortium
Financial Data and Investment Corporation
#5
Which bank is considered the oldest continuously operating bank in the United States?
Wells Fargo
Bank of America
Citibank
Bank of New York Mellon
#6
Who was the first Secretary of the Treasury of the United States?
Alexander Hamilton
Thomas Jefferson
James Madison
George Washington
#7
Which president signed the Gramm-Leach-Bliley Act into law?
Bill Clinton
George W. Bush
Barack Obama
Ronald Reagan
#8
What is the primary function of the Federal Reserve?
Regulating the stock market
Issuing currency
Supervising commercial banks
Conducting monetary policy
#9
Who was the first woman to serve as the Chair of the Federal Deposit Insurance Corporation (FDIC)?
Sheila Bair
Janet Yellen
Elizabeth Warren
Mary Schapiro
#10
Which banking act established the National Banking System in the United States?
Bank Secrecy Act
Federal Reserve Act
National Banking Act
Banking Act of 1933
#11
Who was the longest-serving chairman of the Federal Reserve?
Paul Volcker
Ben Bernanke
Alan Greenspan
Janet Yellen
#12
What was the main purpose of the Glass-Steagall Act?
To regulate cryptocurrency trading
To separate commercial banking from investment banking
To abolish the Federal Reserve System
To establish the Securities and Exchange Commission (SEC)
#13
Who was the first woman to serve as the Chair of the Federal Reserve?
Christine Lagarde
Janet Yellen
Angela Merkel
Indira Gandhi
#14
Which act established the Federal Deposit Insurance Corporation (FDIC)?
Bank Secrecy Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Glass-Steagall Act
Banking Act of 1933
#15
What event led to the creation of the Federal Reserve System?
Great Depression
World War I
Panic of 1907
Civil War
#16
Which act established the Federal Home Loan Mortgage Corporation (Freddie Mac)?
Community Reinvestment Act
Financial Institutions Reform, Recovery, and Enforcement Act
Housing and Economic Recovery Act
Federal Home Loan Mortgage Act
#17
Which act established the Consumer Financial Protection Bureau (CFPB)?
Dodd-Frank Wall Street Reform and Consumer Protection Act
Community Reinvestment Act
Sarbanes-Oxley Act
Federal Reserve Act
#18
Who is often referred to as the 'banker's banker'?
J.P. Morgan
John D. Rockefeller
Paul Volcker
Ben Bernanke
#19
Who is known as the 'father of modern banking regulation'?
Alexander Hamilton
Andrew Jackson
John Sherman
Thomas Jefferson
#20
Which president signed the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) into law?
Ronald Reagan
George H. W. Bush
Bill Clinton
George W. Bush
#21
Which banking regulation was enacted in response to the financial crisis of 2008?
Dodd-Frank Wall Street Reform and Consumer Protection Act
Bank Secrecy Act
Volcker Rule
Gramm-Leach-Bliley Act
#22
Who famously said, 'Give me control of a nation's money, and I care not who makes its laws'?
John D. Rockefeller
J.P. Morgan
Andrew Carnegie
Nelson Rockefeller
#23
Who is often credited with being the architect of the Federal Reserve System?
John Pierpont Morgan
Andrew Mellon
Paul Warburg
Eugene Meyer
#24
Which act repealed the provision of the Glass-Steagall Act that separated commercial and investment banking?
Dodd-Frank Wall Street Reform and Consumer Protection Act
Gramm-Leach-Bliley Act
Sarbanes-Oxley Act
Volcker Rule
#25
What was the original purpose of the Federal Reserve System when it was established in 1913?
To provide consumer protection
To regulate the stock market
To serve as a lender of last resort
To abolish the gold standard