Banking Basics Test Questions And Answers 100% Verified A+ Guaranteed

reconciling the bank statement {Ans: The process of determining any differences between a bank statement balance and a checkbook balance.}Certificates of Deposit (CDs) {Ans: Typically the least liquid account of all the bank accounts.}Credit Unions {Ans: Are not backed by the FDIC (only by NCUA)}Regional Reserve Banks {Ans: 12 in the United States}Region 10 {Ans: The federal reserve region that Nebraska is in.}FDIC (Federal Deposit Insurance Corporation) {Ans: insures customer deposits, up to $250,000, in U.S. banks in the event of bank failure}