Banking Products

Banking Products

9th - 10th Grade

5 Qs

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Assessment

Quiz

Fun

9th - 10th Grade

Hard

Created by

JUANITA PEREZ

Used 1+ times

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following allows customers to borrow money from a financial institution up to a certain limit?

Debit card

Credit card

Trust account

Safety deposit box

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The electronic movement of money from one account to another is known as which of the following?

Electronic funds transfer

Electronic movement of money

Technology funds

Financial electronic transaction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following institutions may be owned by shareholders OR members?

Retail banks

Credit unions

Savings and loan associations

Commercial banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the definition of multifactor authentication?

Requiring more than one method of credential authentication to verify a user’s identity for a transaction

Restricting access to bank locations to authorized personnel only

Storing cash in a fire-proof safe

Training employees to identify fraudulent bank notes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taking out a loan starts with which of the following?

Gathering all personal assets

Assigning a beneficiary

. Recording all transactions

Comparing institution loan rates