Financial Institutions

Which of the following is NOT a service a bank provides

• It makes loans to other customers.

• It provides credit cards for its customers

• Customers can deposit and withdraw money from their accounts

• Helps you loan money to your friends

Which is a good reason to use a Financial Institution?

• Putting your allowance in a safe place

• Lending your friend $5

• Borrowing money to buy a new toy

A card that uses money directly from your bank account

• Debit Card 
• Credit Card 
• Pokemon Card 
• Baseball Card 

Tags

CCSS.4.MD.A.2

When you pay back a loan, you not only pay the amount you borrowed, you also pay it back with _____________

• Interest

• Deposit

• Withdrawal

• Checking

Tags

CCSS.6.NS.C.7A

CCSS.6.NS.C.7B

Banks, savings and loans, and credit unions are known as...

• withdrawal

• expenses

• financial institutions

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

The amount of money that you have in your bank account is known as a ...

• deposit

• balance

• withdrawal

Tags

CCSS.5.NBT.B.7

When you put money into a bank account for safe keeping, you are making a ...

• deposit

• withdrawal

• expenses

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

The act of taking money out of a bank account is known as a ...

• deposit

• expenses

• withdrawal

Which of the following is NOT a good reason to use a financial insitution

• Borrowing money for college

• Placing your birthday money in an account

• Letting your friend borrow $10

• Taking out a loan to purchase a home

Which of these is NOT provided by a financial institution such as a bank or credit union? 

• lending money to people and businesses
• paying you interest on money in your savings account
• keeping money safe
• paying your bills