EPF, Modules 6-8 Review

Front

Which bill is the most counterfeited in the United States?

Back

$20

Front

Which of the following pairs is an example of a commodity? (Module 6, Finance Lesson 1: Financial Institutions) Options: Gold and Silver, Gold and the U.S. dollar, U.S. Dollar and the Euro, U.S. Dollar and copper

Back

Gold and Silver

Front

An insurance agency is considered a financial institution. (Module 6, Finance Lesson 1: Financial Institutions)

Back

True

Front

Financial institutions provide the following: (Module 6, Finance Lesson 1: Financial Institutions) - security for your money, services to help manage your money, services to help your finance grow

Back

all of these

Front

A credit union is not a financial institution. (Module 6, Finance Lesson 1: Financial Institutions)

Back

False

Front

The central banking system of the United States is the _____________.

Back

Federal Reserve System

Front

This sticker on a bank window tells a consumer that the bank insures their deposits to at least $350,000.

Back

False

Front

A checking account can best be defined as which of the following?

Back

An account in which a customer deposits money for use and easy access.

Front

What does NSF stand for in banking, usually in regards to a checking account?

Back

Non-Sufficient Funds

Front

Which statement below is not true? (Module 6, Finance Lesson 1: Financial Institutions) Options: An unbanked consumer may have a difficult time cashing checks without paying a service fee. An unbanked consumer may have a difficult time acquiring loans. A direct deposit is an example of an electronic monetary transaction. A bank is the only financial institution that provides financial education.

Back

A bank is the only financial institution that provides financial education.