Financial Institution Types

Financial Institution Types

9th - 12th Grade

10 Qs

quiz-placeholder

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Financial Institution Types

Financial Institution Types

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

Kimberly Tyson

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

National Bank, Non-Member Bank, State-Member Bank is an example of.....

Commercial Banks

Cooperative Banks

Credit Unions

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A company that controls more than one U.S Bank. Possibly own another bank holding company.

Industrial Bank

Bank Holding Company

Savings and Loan Association

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A financial cooperative association organized for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes.

Cooperative Bank

Credit Union

Farm Credit System Institutions

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An Agreement corporation is chartered by a state to engage in international banking; so named because the corporation enters into an agreement with the Federal Reserve Board that will limit its activities to those permitted.

Financial Holding Company

Edge/Agreement Corporations

Insurance Company Broker

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages. Savings banks, savings and loan associations, and credit unions are examples of thrift institutions.

Non Member Bank

State Member Bank

Thrifts

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A commercial bank whose charter is approved by the Office of the Comptroller of the Currency (OCC) rather than by a state banking agency. National banks are required to be members of the Federal Reserve System and belong to the Federal Deposit Insurance Corporation.

Investment Bank/Company

National Bank

U.S. Bank

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Entities primarily engaged in providing infrastructure for hosting or data processing services. These establishments may provide specialized hosting activities, such as web hosting, streaming services or application hosting, provide application service provisioning, or may provide general time-share mainframe facilities to clients. Data processing establishments provide complete processing and specialized reports from data supplied by clients or provide automated data processing and data entry services.

Domestic Entity Other

Data Processing Servicer

Finance Company

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