Financial Institutions

Financial Institutions move money from ...

• borrowers to savers
• buyers to sellers
• savers to borrowers
• sellers to buyers

Which is NOT an example of a Financial Institution for consumers?

• Banks
• Credit Unions
• Insurance Companies
• The Federal Reserve

Financial institutions attract funds from savers by offering ____________ on savings. 

• Profits
• Revenues
• Interest
• Benefits

Financial Institutions use depositor's savings to earn _________ by lending the savings to borrowers.

• Costs
• Profits/Revenue/Income
• Credit
• Demand

In a financial market, the price to borrow money is called the __________.

• Deposit
• Interest Rate
• Credit
• Cost

If the Supply of $ increases (lenders), what will happen to the interest rate?

• Increase
• Decrease
• No Change

If the Demand for $ increases, what will happen to the Interest Rate?

• Increase
• Decrease
• No Change

Which is a nonprofit financial depository?

• bank
• casino
• credit union
• commercial bank

Which one is TRUE about credit unions?

• same as commercial banks
• for profit
• owned by members
• largest depositories

The amount of one's money covered per account by the FDic and the NCUA is?

• $100,000
• $250,000
• $1,000,000
• $25,000