Question 1

War driving refers to illegally using financial information of active duty soldiers for personal gain.

Accepted Answer

A) True 
 B)False  False

Question 2

Most banks are required by law to install surveillance cameras and alarms.

Accepted Answer

A) True 
 B)False  True

Question 3

The Bureau of Justice Statistics (BJS) estimated that more than 7 million people were victims of identity theft in 2014.

Accepted Answer

A) True 
 B)False  True

Question 4

A code of ethics is a statement adopted by a company to guide employees to act appropriately.

Accepted Answer

A) True 
 B)False

Question 5

The Second National Bank has just been robbed. What should bank employees do with the demand note left behind by the robber? Why?

Accepted Answer

The answer of The Second National Bank has just been...

Question 6

Shady Sam robbed three banks last week: In one heist, he got away with $2,500; in the second, he netted $5,600; the third robbery was worth $4,350. After he was caught, police were able to recover 90 percent of the loot. Sam had spent the rest. What was the dollar amount of the stolen money that was NOT recovered?

Accepted Answer

The answer of Shady Sam robbed three banks last week:...

Question 7

A straw buyer works "undercover" for a bank to help banks identify cases of illegal house flipping.

Accepted Answer

A) True 
 B)False

Question 8

What is identify theft?

Accepted Answer

The answer of What is identify theft?...

Question 9

John and William are opening a restaurant together. William also works as a business loan officer at a local bank. John has applied to William's bank for a business loan for the restaurant, and William is responsible for approving the loan. This is a clear example of a

Accepted Answer

A)  confidentiality violation.
B)  money laundering scam.
C)   check kiting scheme.
D)   conflict of interest.

Question 10

Bank robbery was a much more serious problem in the 1930s and 1940s. Today, it rarely occurs.

Accepted Answer

A) True 
 B)False

Question 11

A computer program that monitors and limits incoming and outgoing online transmissions is called a(n) ____________________.

Accepted Answer

The answer of A computer program that monitors and limits...

Question 12

Except routine processing, this occupies more resources of the banking industry than any other activity.

Accepted Answer

A)  robbery prevention
B)  fraud prevention
C)   advertising
D)   employee benefits

Question 13

To discourage counterfeiting, the new $20 bill design includes color-shifting ink that changes from ____________________ when the note is tilted.

Accepted Answer

A)  copper to blue
B)  blue to green
C)   green to gold
D)   copper to green

Question 14

Check ____________________ requires opening accounts at two or more banks and using the "float time" of available funds to create fraudulent balances.

Accepted Answer

The answer of Check ____________________ requires opening accounts at two...

Question 15

____________________ is a deception deliberately practiced to secure unfair or unlawful gain.

Accepted Answer

The answer of ____________________ is a deception deliberately practiced to...

Question 16

A(n) ____________________ barrier is a bulletproof plastic shield that can be positioned in front of each teller's station. It acts as a safety device.

Accepted Answer

The answer of A(n) ____________________ barrier is a bulletproof plastic...

Question 17

What can banks do to protect computer records from computer hackers and other cyberthieves?

Accepted Answer

The answer of What can banks do to protect computer...

Question 18

What are the powers of the Public Company Accounting Oversight Board, established by the Sarbanes-Oxley Act of 2002?

Accepted Answer

The answer of What are the powers of the Public...

Question 19

Which act of Congress places restrictions on loans by corporations to their executives?

Accepted Answer

A)  Sarbanes-Oxley Act of 2002
B)  Expedited Funds Availability Act of 1987
C)   Check 21 Act of 2003
D)   Homeland Security Act of 2002

Question 20

Which of these is the least common type of bank robbery?

Accepted Answer

A)  morning glory robbery
B)  note-passing robbery
C)   takeover robbery
D)   early-bird robbery

Exam 11: Security, Fraud, and Ethics

War driving refers to illegally using financial information of active duty soldiers for personal gain.

Most banks are required by law to install surveillance cameras and alarms.

The Bureau of Justice Statistics (BJS) estimated that more than 7 million people were victims of identity theft in 2014.

A code of ethics is a statement adopted by a company to guide employees to act appropriately.

The Second National Bank has just been robbed. What should bank employees do with the demand note left behind by the robber? Why?

A straw buyer works "undercover" for a bank to help banks identify cases of illegal house flipping.

What is identify theft?

John and William are opening a restaurant together. William also works as a business loan officer at a local bank. John has applied to William's bank for a business loan for the restaurant, and William is responsible for approving the loan. This is a clear example of a

Bank robbery was a much more serious problem in the 1930s and 1940s. Today, it rarely occurs.

A computer program that monitors and limits incoming and outgoing online transmissions is called a(n) ____________________.

Except routine processing, this occupies more resources of the banking industry than any other activity.

To discourage counterfeiting, the new $20 bill design includes color-shifting ink that changes from ____________________ when the note is tilted.

Check ____________________ requires opening accounts at two or more banks and using the "float time" of available funds to create fraudulent balances.

____________________ is a deception deliberately practiced to secure unfair or unlawful gain.

A(n) ____________________ barrier is a bulletproof plastic shield that can be positioned in front of each teller's station. It acts as a safety device.

What can banks do to protect computer records from computer hackers and other cyberthieves?

What are the powers of the Public Company Accounting Oversight Board, established by the Sarbanes-Oxley Act of 2002?

Which act of Congress places restrictions on loans by corporations to their executives?

Which of these is the least common type of bank robbery?