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Accounting Basics for Banking Pros Quiz

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Accounting Basics for Banking Pros: a General level Bank Exam Prep quiz. Test your knowledge with 13 questions!

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Questions

Question 1

In accounting, what does a 'debit' usually do to an asset account?

A Freezes it

B Decreases it

C Increases it

D Removes it

Question 2

What does a 'credit' do to a liability account?

A Eliminates it

B Neutralizes it

C Increases it

D Decreases it

Question 3

What is a transaction record called?

A A policy

B A limit

C A budget

D An entry

Question 4

Which of these is considered a bank asset?

A Loans provided to customers

B Employee salaries

C Customer deposits

D Building rent

Question 5

What is a bank liability?

A Customer deposits

B Office furniture

C Cash in the vault

D Loans given out

📋 This quiz has 13 questions in total.