Biztown: Unit 1: Lesson 1: Financial Services

Vocabulary

Economy - How a country makes and manages goods, services, and money.

Loan - Money borrowed that must be repaid, usually with interest.

Civics - The study of governments, public processes, and the rights and duties of citizenship.

Multiple Choice

How a country makes and manages goods, services, and money.

• Civics

• Economy

• Loan

Multiple Choice

Money borrowed that must be repaid, usually with interest.

• Civics

• Economy

• Loan

Multiple Choice

The study of governments, public processes, and the rights and duties of citizenship.

• Civics

• Economy

• Loan

Vocabulary

Financial Institutions - Businesses that provide money-related services; examples include credit unions, banks, and savings and loans.

Bank - A business that charges customers for money-related services.

Credit Union - A financial institution owned by its members that provides many of the same services as a bank.

Multiple Choice

A business that charges customers for money-related services.

• Bank

• Credit Union

• Financial Institutions

Multiple Choice

Businesses that provide money-related services; examples include credit unions, banks, and savings and loans.

• Bank

• Credit Union

• Financial Institutions

Multiple Choice

A financial institution owned by its members that provides many of the same services as a bank.

• Bank

• Credit Union

• Financial Institutions

Multiple Choice

Joe works at a company where he designs shoes. He needs to have bank services

but wants to become a member at a local, not-for-profit financial institution that would support his company. Where should Joe do his banking

• Bank

• Credit Union

• Savings and Loan

• Internet Bank

Multiple Choice

Jemma has never used a bank before and wants to open a student account. She

wants a student account to be able to write checks, make deposits, and have a

debit card. Jemma wants a financial institution that will be the same no matter

where she lives or works. Where should Jemma do her banking?

• Bank

• Credit Union

• Savings and Loan

• Internet Bank

Multiple Choice

Jordan is a businessman and often on the go. He wants to be able to bank

anytime, anyplace, without having to go to a building. Where should Jordan do

his banking?

• Bank

• Credit Union

• Savings and Loan

• Internet Bank

Multiple Choice

Jose and Juanita are buying a new home. They want a bank that understands

loans and can also manage their deposits and checking account. Where should

Jose and Juanita do their banking.

• Bank

• Credit Union

• Savings and Loan

• Internet Bank

Multiple Choice

People have the right to own property.

• True

• False

Multiple Choice

People always keep their private property in banks.

• True

• False

Multiple Choice

Because your money is your responsibility, it is important to make wise choices about where you keep your money.

• True

• False

Multiple Choice

Financial institutions are the center of JA Biztown's economy.

• True

• False