Institutions

Which institution is referred to as "the cornerstone of society"?

• economic

• religion

• family

• recreational

Institutions endure over time.

• True

• False

The system or way people in a society provide and keep order.

• economy

• education

• government

• language

The system or way people in a society produce (make) and distribute (share) goods and services.

• family

• language

• education

• economy

Money added into a bank account.

• withdraw

• deposit

• cash

• cheque

A penalty for disobeying a law or rule is a:

• sanction

• time out

• custom

• penalty

Which of the following is NOT a service offered by financial institutions?

• Loans

• Investment

• Deposits

• Event Planning

All of the following are examples of financial institutions (tick all that apply):

• Commercial Banks

• Investment Banks

• Building Societies

• Credit Unions

• Tax Offices

___________ institutions facilitate our need for pleasure and relaxation.

Jenny wants to take a vacation next Christmas and needs to save towards it. Which type of account should she open if she wants to earn higher interest rates while she saves money over a fixed time period?

• Savings Account

• Chequing Account

• Fixed Account

• Current Account