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Free U.S. Office of the Comptroller of the Currency (OCC) Bank Examiner Exam Exam Questions and Answers
Last updated: March 29, 2025
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U.S. Office of the Comptroller
of the Currency (OCC) Bank Examiner Exam
#Question
What is the significance of the Federal Reserve's Federal Open Market Committee (FOMC)?
A.
It regulates banks
B.
It sets monetary policy
C.
It supervises consumer protection laws
D.
It determines interest rates for loans
Correct Answer:
B
The FOMC is significant because it sets monetary policy, influencing interest rates and the money supply in the economy.
#Question
What does the term "mortgage-backed security" (MBS) refer to?
A.
A type of stock
B.
A bond backed by a pool of mortgage loans
C.
A personal loan
D.
A government bond
Correct Answer:
B
A mortgage-backed security (MBS) is a type of bond that is backed by a pool of mortgage loans, providing investors with income from mortgage payments.
#Question
What is the purpose of the Bank Holding Company Act?
A.
To regulate the capital requirements for bank holding companies
B.
To promote consumer protection
C.
To oversee interest rates
D.
To limit the expansion of bank holding companies
Correct Answer:
A
The Bank Holding Company Act regulates the capital requirements and activities of bank holding companies to ensure financial stability.
#Question
What is the primary function of the Office of the Comptroller of the Currency (OCC)?
A.
To conduct monetary policy
B.
To issue currency
C.
To oversee credit unions
D.
To regulate national banks
Correct Answer:
D
The OCC's primary function is to regulate and supervise national banks to ensure their safety and soundness.
#Question
What does the term "adjustable-rate mortgage" (ARM) mean?
A.
A loan secured by real estate
B.
A type of personal loan
C.
A loan with a fixed interest rate
D.
A mortgage with an interest rate that changes periodically
Correct Answer:
D
An adjustable-rate mortgage (ARM) is a mortgage with an interest rate that may change periodically based on market conditions.
#Question
What is a "loan to value" (LTV) ratio?
A.
The ratio of a loan's interest to its principal
B.
The amount of equity in a loan
C.
The relationship between the loan amount and the appraised value of the property
D.
The ratio of loans to deposits
Correct Answer:
C
The loan to value (LTV) ratio measures the relationship between the loan amount and the appraised value of the property, indicating risk for lenders.
#Question
What does the term "interest rate risk" refer to?
A.
The risk of fraud in financial transactions
B.
The risk that interest rates will change and affect loan pricing
C.
The risk of borrower insolvency
D.
The risk of losing investment capital
Correct Answer:
B
Interest rate risk refers to the risk that changes in interest rates will affect the pricing of loans and investments, impacting profitability.
U.S. Office of the Comptroller of the Currency (OCC) Bank Examiner Exam
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