
Banking
Quiz
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Medium
Christina Evans
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accepts deposits and makes loans and derives a profit from the difference in the interest rates paid and charged, respectively.
Bank
Store
FDIC
Interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of bank where depositors become members/owners of the bank.
Key Bank
Board of Directors
Credit Union
Savings
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rate at which a bank charges borrowers for borrowing money.
Loan
Interest Rate
NCUA
Checking Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The way in which interest is calculated. For example, the interest may be recalculated monthly.
Compound interest
Simple interest
Endorsement
Savings Account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Charges the bank imposes on borrowers for certain services such as ATM access.
Interest
Loan
Withdrawal
Bank fees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks make money on these types of products
FDIC
Withdrawals
Loans
Deposits
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Term that means the federal government insures your money in your bank account.
Credit
FDIC
Interest
CD
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