
Banking Intro
Authored by Maria Soltan
Business
9th - 12th Grade
Used 19+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a financial institution owned by its members called?
bank
depository
money place
credit union
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account you can deposit money into and then write checks or use debit card to withdraw money is known as a ____________________.
Money Market
Checking
Savings
ATM
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Money added to a checking account is called a
withdrawal
deposit
endorsement
drawee
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The FDIC insures accounts up to...
$250
$2,500
$25,000
$250,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit card is
Like an ATM card, but you can also use it to make purchases at retail locations and funds are wirthdrawn directly from your checking account
The same as a credit card, buy now, pay later
Similar to a gift card from a retail store, since you buy the debit card and replenish the funds once a month.
Only used to get cash from an ATM
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This account allows you to receive your direct deposit and pay bills.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which financial institution is for Profit?
Commercial Banks
Credit Unions
Neither
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