Banking & Financial Services Review

Banking & Financial Services Review

9th - 12th Grade

33 Qs

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Banking & Financial Services Review

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Stacie Segars

Used 4+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve System (Fed) supervises and regulates member banks.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cease-and-desist order is a written notice to the bank not to pay a check.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of deposit institution frequently has branch offices in shopping centers and grocery stores?

credit unions

savings and loan associations

mutual savings banks

commercial banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of deposit institution accepts savings deposits and makes loans to members only?

savings and loan associations

commercial banks

credit unions

mutual savings banks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of deposit institution's profits are distributed in proportion to the amount of business each participant does?

commercial banks

savings and loan associations

credit unions

mutual savings banks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of deposit institution traditionally specializes in savings accounts and loans for home mortgages?

commercial banks

savings and loan associations

credit unions

mutual savings banks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A digital reproduction of an original paper check is known as a_____ check.

canceled

cashier's

substitute

certified

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