PF: Everfi Banking Review
Authored by Ellen Frey
Other
9th - 12th Grade
Used 128+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a primary responsibility of the Federal Reserve Bank?
Establish monetary policy
Pass monetary laws
Collect taxes
Print money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following fees would likely be the highest?
Overdraft fee
Account transfer fee
Monthly service fee
ATM fee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of financial institution typically has membership requirements?
Credit Union
Online Commercial Bank
Commercial Bank
Federal Reserve Bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What’s the purpose of balancing or monitoring your checking account?
To find out which checks you have bounced
To help you calculate how much money you have in your account
To keep an estimation of how many checks you write
To stop identity theft from occurring
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account will typically have the highest interest rate?
Checking Account
Savings Account
Money Market Account
Certificate of Deposit (CD)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Usually provides access to online banking options.
A. Retail Bank
B. Online Bank
C. Credit Union
All of the Above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Membership may be exclusive to certain people or groups, like members of the military or people who work in a specific industry.
A. Retail Bank
B. Online Bank
C. Credit Union
All of the Above
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