

Bank Deposit Notification Requirements
Flashcard
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Easy
Alexander Morton
Used 1+ times
FREE Resource
Student preview

28 questions
Show all answers
1.
FLASHCARD QUESTION
Front
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
Answer A US Treasury Department.
Answer B Federal Deposit Insurance Corporation. (FDIC).
Answer C State Banking Commission.
Answer D Federal Reserve Board.
Back
US Treasury Department.
2.
FLASHCARD QUESTION
Front
Which financial product typically pays the highest rate of interest?
Answer A Savings account
Answer B Money market account
Answer C Certificate of deposit
Answer D Common stock
Back
C. Certificate of deposit
3.
FLASHCARD QUESTION
Front
When James received his paycheck, he planned to cash it at a check cashing store. You advise him to cash it at his own bank if possible. Why?
Answer A They typically require a two day waiting period before giving cash
Answer B They typically charge high fees
Answer C There is likely to be a ceiling on the size of the check he can cash
Answer D They generally require a co-signor
Back
B They typically charge high fees
4.
FLASHCARD QUESTION
Front
Pat has a savings account and a car loan from a not-for-profit financial institution owned by its members. She is probably a member of what type of financial institution?
Answer A Credit union
Answer B Commercial bank
Answer C Savings and loan association
Answer D Investment club
Back
A Credit union
5.
FLASHCARD QUESTION
Front
Consumer finance companies, which are often advertised on TV, are also known as:
Answer A Banks
Answer B Savings and loan associations
Answer C Small loan companies
Answer D Purchase loan lenders
Back
C Small loan companies
6.
FLASHCARD QUESTION
Front
Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question?
Answer A All checking accounts pay interest
Answer B Some types of checking accounts pay interest
Answer C Checking accounts never pay interest
Answer D Checking accounts pay interest if the account balance does not fall below $300.00
Back
B Some types of checking accounts pay interest
7.
FLASHCARD QUESTION
Front
Banks use savings account deposits to:
Answer A Make their services and products attractive for new depositors
Answer B Pay for employee special projects
Answer C Give loans to consumers and businesses
Answer D Improve the quality of life in low-income communities
Back
C Give loans to consumers and businesses
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
Factoring Completely
Flashcard
•
9th - 12th Grade
20 questions
Fukushuu 1: Key Concepts
Flashcard
•
KG
15 questions
English to Arabic Clothing Vocabulary
Flashcard
•
9th Grade - University
29 questions
DAILY LIFE
Flashcard
•
9th Grade - University
20 questions
Ám's Flashcard
Flashcard
•
KG - University
20 questions
Spanish Present Tense Flashcard
Flashcard
•
9th Grade
19 questions
Respiratory System and Gas Exchange
Flashcard
•
11th Grade
29 questions
Cuestionario sobre el Romanticismo
Flashcard
•
9th - 12th Grade
Popular Resources on Wayground
8 questions
Spartan Way - Classroom Responsible
Quiz
•
9th - 12th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
14 questions
Boundaries & Healthy Relationships
Lesson
•
6th - 8th Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
3 questions
Integrity and Your Health
Lesson
•
6th - 8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
9 questions
FOREST Perception
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
Discover more resources for Other
8 questions
Spartan Way - Classroom Responsible
Quiz
•
9th - 12th Grade
10 questions
Cell Organelles and Their Functions
Interactive video
•
6th - 10th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
20 questions
Figurative Language Review
Quiz
•
10th Grade
20 questions
Combining Sentences
Lesson
•
9th Grade
11 questions
Adding and Subtracting Polynomials
Quiz
•
9th Grade
22 questions
El Imperfecto
Quiz
•
9th - 12th Grade
20 questions
Box and Whisker Plots
Quiz
•
9th Grade