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- 201 Commercial Banking Functional: 201 Commercial Banking Functional
Free 201 Commercial Banking Functional: 201 Commercial Banking Functional Exam Questions and Answers
Last updated: April 1, 2025
Examtopics 201 Commercial Banking Functional: 201 Commercial Banking Functional Prepaway Real Exam Questions and dumps free download
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197-201 Commercial Banking Functional: 201 Commercial Banking Functional
#Question
What is the primary benefit of a diversified investment portfolio?
A.
Simplified investing
B.
Reduced risk
C.
Minimized returns
D.
Increased fees
Correct Answer:
B
A diversified investment portfolio reduces risk by spreading investments across various asset classes, helping to absorb losses in any one area.
#Question
How can reputation management impact a bank's success?
A.
Build consumer trust
B.
Increase profits
C.
Raise fees
D.
Limit customer access
Correct Answer:
A
Effective reputation management builds consumer trust, which is vital for customer retention and overall bank performance.
#Question
What does the term 'retail banking' encompass?
A.
Personal banking services
B.
Corporate banking
C.
International trade
D.
Investment services
Correct Answer:
A
Retail banking encompasses personal banking services provided to individual consumers, including checking accounts, savings accounts, and personal loans.
#Question
What is the role of a financial analyst in a bank?
A.
Assess investments
B.
Manage customer relations
C.
Loan processing
D.
Market products
Correct Answer:
A
A financial analyst evaluates investment opportunities and provides insights to guide financial decision-making within the bank.
#Question
What is the primary purpose of a business loan?
A.
Fund vacations
B.
Support business operations
C.
Cover personal expenses
D.
Increase personal wealth
Correct Answer:
B
A business loan is primarily intended to support business operations, investments, and growth initiatives.
#Question
What is the significance of conducting market research in banking?
A.
Reduce competition
B.
Limit product offerings
C.
Increase fees
D.
Improve marketing accuracy
Correct Answer:
D
Market research provides insights into consumer needs and preferences, allowing banks to tailor products and services effectively.
#Question
How does the Federal Reserve influence interest rates?
A.
Directly control all rates
B.
Adjust the federal funds rate
C.
Set fixed rates
D.
Increase savings rates
Correct Answer:
B
The Federal Reserve influences the economy by adjusting the federal funds rate, impacting overall borrowing costs across financial institutions.
197-201 Commercial Banking Functional: 201 Commercial Banking Functional
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