L406: Types of Banks

L406: Types of Banks

8th - 9th Grade

7 Qs

quiz-placeholder

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L406: Types of Banks

L406: Types of Banks

Assessment

Quiz

Professional Development

8th - 9th Grade

Practice Problem

Easy

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These banks collect small savings. Name the bank

Savings Bank

Commercial Banks

Payment banks

Loan Banks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These banks use savings deposits from customers to fund home loans. Name the bank.

Commericial Banks

Saving and Loan Banks

Payment Banks

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are similar to banks, but they are not-for-profit organizations owned by their customers. Name the banks.

Credit Unions

Commercial Banks

Savings Bank

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ is where people keep day to day spending amount.

Checking Account

Money Market Accounts

Certificate of Deposits

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ gives you a fixed rate of interest on deposits.

Fixed Deposits Account

Savings Account

Current Account

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate of interest you earn on FDs will vary depending on the tenure of the FD.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ allow overdraft facility, that is withdrawing more than what is currently available in the account.

Fixed Deposit

Savings account

Current accounts