80 Banking Industry Trivia Questions with Answers
80 public questions with answers, drawn from the well. How many can you answer?
Which bank was the first to issue a credit card in the United States in 1958?
Answer
Bank of America
What is the name of the international financial institution that serves as a bank for central banks, headquartered in Basel, Switzerland?
Answer
Bank for International Settlements
What year was the Bank of England founded?
Answer
1694
What does the acronym FOMC stand for?
Answer
Federal Open Market Committee
Which U.S. government agency insures deposits in banks and thrifts up to $250,000 per depositor?
Answer
Federal Deposit Insurance Corporation
What is the name of the central bank of the European Union that sets monetary policy for the eurozone?
Answer
European Central Bank
Which international financial institution, founded in 1944, provides short-term loans for balance of payments problems?
Answer
International Monetary Fund
Which Japanese central bank was established in 1882?
Answer
Bank of Japan
What is the name of the oldest bank still in operation, founded in 1472 in Italy?
Answer
Banca Monte dei Paschi di Siena
What is the term for the interest rate on overnight loans between U.S. banks, set by the FOMC?
Answer
Federal funds rate
What financial crisis in 2008 led to the bankruptcy of Lehman Brothers?
Answer
Subprime mortgage crisis
Which U.S. bank, founded by Alexander Hamilton, is now known as BNY Mellon?
Answer
Bank of New York
What is the name of the largest commercial bank in the world by total assets as of 2023?
Answer
Industrial and Commercial Bank of China
Which bank issues currency in the United Kingdom?
Answer
Bank of England
What does the acronym 'ATM' stand for in banking?
Answer
Automated teller machine
What is the name of the central bank of the United States?
Answer
Federal Reserve System