Banking Basics

Banking Basics

9th - 12th Grade

12 Qs

quiz-placeholder

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Banking Basics

Banking Basics

Assessment

Quiz

Social Studies

9th - 12th Grade

Easy

Used 5+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a commercial bank?

Bank of America

M&T Bank

PNC

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: A commercial bank is non-profit.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At which type of bank would you be able to get a lower interest rate on a loan?

Commercial Bank

Credit Union

Investment Bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At which type of bank would you be able to get a higher interest rate on a savings account?

Commercial Bank

Credit Union

Investment Bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank would be used by large businesses and corporations?

Commercial Bank

Credit Union

Investment Bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT TRUE about credit unions?

They are member-owned

They have numerous locations making it very convenient

They are non-profit

They have lower interest rates on loans

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of account is for everyday spending?

Savings Account

Checking Account

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