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W!SE Review - Checking and Banking

Authored by Nicole Falgiano

Social Studies, Life Skills

11th - 12th Grade

Used 41+ times

W!SE Review - Checking and Banking
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Offer loans with high finance charges to desperate borrowers. 

Pawnshops
Banks
Savings and loan Companies
Credit Unions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An automatic loan made to an account if the balance will not cover the checks written, debit card purchases

Overdraft protection
Collateralized loan
Title loan
Payday loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchases made with your debit card are usually deducted  from your account _______.

immediately
within 24  hours
at midnight
within 5 business days

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an ATM used for? 

Withdraw money
Apply for a loan
Make electronic payments
Reconciling your account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check that has been cashed and processed by the bank for payment is considered ________. 

cleared
outstanding
forged
stale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What agency performs central banking functions in the United States? 

Federal Reserve
Securities and Exchange Commission
US Treasury Department
First National Bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Member deposits into credit unions are insured by which of the following organizations? 

National Credit Union Agency (NCUA)
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve (FED)
US Treasury Department (USTD)

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