Banking Quiz

John has misplaced his debit card, but needs to mail a payment

for his electricity bill. What other form of payment can he use?

• ATM card

• credit card

• debit card

• check

What type of account holds money that is guaranteed for a

specific rate of interest for a specified amount of time?

• certification of deposit

• savings

• line of credit

• checking

This financial institution helps everyday customers and small

businesses with everyday transactions.

• credit union

• commercial bank

• online bank

what is interest?

• Afee paid to give away someone else's money

• Afee paid to invest someone else's money

• A fee paid to use someone else's money

• Afee paid to save someone else's money

what is the purpose of a bank?

• afinancial investigator

• a financial intermediary

• a financial advisor

• a financial tracker

Which type of account is also a type of loan, which the customer

has access to for a set amount of time?

• savings

• checking

• money market

• line of credit

Maria paid her bill with a plastic card with a Visa logo that is tied

directly to her checking account. What is she using?

• atm card

• credit card

• debit card

• check

Which of the following is digital currency that does not have a

physical form?

• cryptocurrency

• coinage

• currency

What entity implements policies concerning the availability of

money and its cost?

• the federal reserve system

• the national credit association

• the national credit union administration

• the federal deposit insurance corporation

What type of account holds money that a customer does not plan

to spend immediately?

• money market

• savings

• checking

• line of credit