BUSINESS 1st 9 Weeks Quiz

First Postmaster General, One of the founding father, located on the 100 dollar bill 

• Thomas Jefferson
• Benjamin Franklin
• Mr. Bradford 
• Andrew Jackson 

Legal documents that function like cash 

• Cash
• Money Market Account
• Checks
• Savings Account 

True or False: The FDIC covers your safe deposit box. 

• True
• False 

True or False: Banks are For profit and owned by its members. 

• False 
• True 

Deposit holders at Healthnet Federal Credit Union are called ______________

• Customers
• Members 

Safe deposit boxes are located in _______________ and ________________.

• Banks & Credit Unions 
• Banks & Wells Fargo 
• None of the Above
• Post Offices and Banks 

True or False: You don't need an ID when opening a bank account?

• True 
• False 

Something necessary or required for life

• Need 
• Want 

Something unnecessary but desired.

• Want
• Need 

Something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work.

• Money 
• Barter
• Well Being