
EPF, Module 6-7 Flashcard
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Other
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12th Grade
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Hard
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27 questions
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1.
FLASHCARD QUESTION
Front
Which bill is the most counterfeited in the United States? Options: $5, $10, $20, $50
Back
$20
2.
FLASHCARD QUESTION
Front
Which of the following pairs is an example of a commodity? (Module 6, Finance Lesson 1: Financial Institutions) Gold and Silver, Gold and the U.S. dollar, U.S Dollar and the Euro, U.S. Dollar and copper
Back
Gold and Silver
3.
FLASHCARD QUESTION
Front
An insurance agency is considered a financial institution. (Module 6, Finance Lesson 1: Financial Institutions)
Back
True
4.
FLASHCARD QUESTION
Front
Hannah is considering opening an account at a financial institution. What benefits can she expect from doing so?
Back
security for your money, services to help manage your money, services to help your finance grow
5.
FLASHCARD QUESTION
Front
A credit union is not a financial institution. (Module 6, Finance Lesson 1: Financial Institutions)
Back
False
6.
FLASHCARD QUESTION
Front
This sticker on a bank window tells a consumer that the bank insures their deposits to at least $350,000.
Back
False
7.
FLASHCARD QUESTION
Front
A checking account can best be defined as which of the following? An account that typically has withdrawal restrictions but can yield a better interest rate., An account in which a customer deposits money for use and easy access., An account in which the bank pays the customer’s bills and charges the customer interest., An account where money is put into to earn interest and the customer makes withdrawals at retirement.
Back
An account in which a customer deposits money for use and easy access.
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