Shmoop Finance
Make Moolah, Not War
Word of the day: General Examination
Turn head. Cough.
You run a bank; everything is going well. Customers are happy, and loans are being paid on time. Then you receive a letter stating that your bank is due for inspection, or examination. A fancy, smart-looking person comes in and looks through your books, watches how your employees do their jobs, and asks a lot of questions.
In a few days or weeks you receive another letter: yay, you passed and were found to be compliant will all the rules and regulations of the business. As a bank, you're doing everything you're supposed to be doing, and won’t get into trouble with the law.
You passed your general. A must-do as a bank, given the semi-troubled history of 'em.