Which U.S. bank installed the first ATM in the United States in 1969?
Answer
Chemical Bank
80 Banking Industry Trivia Questions with Answers
80 public questions with answers, drawn from the well. How many can you answer?
Banking Industry trivia follows the development of banks, central banking, payment cards, ATMs, financial regulation, and major banking failures. Questions span the first U.S. ATM, the oldest surviving bank in the world, Canada’s oldest continuously operating bank, and the 1995 collapse of Barings Bank after Nick Leeson’s trading losses.
You will also encounter modern banking terminology, including RWA, along with credit-card history and the 1913 legislation that created the Federal Reserve System. The 80-question hub suits economics students, finance professionals, business classes, pub quizzes, and game-night teams looking for a broad but precise test of financial knowledge.
What is the name of the oldest surviving bank in the world?
Answer
Banca Monte dei Paschi di Siena
What is the name of the oldest continuously operating bank in Canada?
Answer
Bank of Montreal
What does 'RWA' stand for in banking?
Answer
Risk-Weighted Assets
Which U.S. bank issued the first general-purpose credit card in 1958?
Answer
Bank of America
Which U.S. bank, founded in 1784, is the oldest continuously operating bank in the country?
Answer
Bank of New York Mellon
What is the name of the U.S. legislation that established the Federal Reserve System in 1913?
Answer
Federal Reserve Act
What was the name of the first central bank in the world, established in 1668?
Answer
Sveriges Riksbank
What U.S. government agency was created by the Glass-Steagall Act to insure bank deposits?
Answer
Federal Deposit Insurance Corporation
What is the name of the U.S. law that prohibited banks from owning non-financial companies?
Answer
Bank Holding Company Act
Which U.S. bank installed the first automated teller machine in 1969?
Answer
Chemical Bank
What is the name of the first national bank chartered under the U.S. National Bank Act in 1863?
Answer
First National Bank of Philadelphia
Which Japanese bank was formed by the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings in 2005?
Answer
Mitsubishi UFJ Financial Group
What is the name of the U.S. law that authorized the creation of national banks?
Answer
National Bank Act
Which U.S. bank was originally founded as the Manhattan Company in 1799?
Answer
JPMorgan Chase
What is the name of the cooperative financial institution owned by its members?
Answer
Credit union
What does 'AML' stand for in banking regulation?
Answer
Anti-Money Laundering
In which U.S. city is the Federal Reserve Bank of New York located?
Answer
New York City
What is the name of the largest bank in Canada by market capitalization?
Answer
Royal Bank of Canada
What was the name of the first savings bank in the United States, founded in 1816?
Answer
Philadelphia Saving Fund Society
What was the name of the first bank chartered by the United States Congress, in 1781?
Answer
Bank of North America
What U.S. law repealed the Glass-Steagall Act's separation of commercial and investment banking in 1999?
Answer
Gramm-Leach-Bliley Act
What is the name of the international committee that sets global banking regulations, based in Basel?
Answer
Basel Committee on Banking Supervision
What was the original name of Citibank when it was founded in 1812?
Answer
City Bank of New York
Which American bank was founded in 1904 as the Bank of Italy?
Answer
Bank of America
Which bank was formed by the merger of Chase Manhattan and J.P. Morgan in 2000?
Answer
JPMorgan Chase
What was the name of the monetary system that fixed exchange rates to the US dollar from 1944 to 1971?
Answer
Bretton Woods system
Which U.S. law, enacted in 1994, allowed banks to branch across state lines?
Answer
Riegle-Neal Act
What interest rate do banks charge their most creditworthy customers?
Answer
Prime rate
What term describes a loan on which the borrower has stopped making payments?
Answer
Non-performing loan
What is the nickname of the Bank of England?
Answer
The Old Lady of Threadneedle Street
Which bank was acquired by JPMorgan Chase in 2008 in a government-brokered deal?
Answer
Bear Stearns
Banking Industry trivia — quick answers
What are good Banking Industry trivia questions?
Good Banking Industry trivia questions cover historic banks, central banks, ATMs, credit cards, financial crises, banking legislation, regulators, payment systems, and terms such as RWA, liquidity, and capital adequacy.
How hard is Banking Industry trivia?
Banking Industry trivia ranges from general history to specialist finance. Questions about famous banks and credit cards are approachable, while topics such as risk-weighted assets, central-bank legislation, and historic failures are better suited to advanced players.
What does RWA stand for in banking?
RWA stands for risk-weighted assets. Banks assign different risk weights to assets according to their credit or market risk, then use the resulting figure when calculating capital ratios. The framework helps regulators compare a bank’s capital with the risks in its balance sheet.
What legislation established the Federal Reserve System?
The Federal Reserve Act of 1913 established the Federal Reserve System in the United States. Signed by President Woodrow Wilson on December 23, 1913, the act created a central banking structure intended to improve monetary stability and provide a more elastic currency.
Which bank failed because of Nick Leeson?
Barings Bank, a British merchant bank founded in 1762, collapsed in 1995 after trader Nick Leeson accumulated enormous unauthorized losses through derivatives trading in Singapore. The failure became a major case study in inadequate supervision, internal controls, and operational risk.