SVTC - PF Financial Institutions

SVTC - PF Financial Institutions

12th Grade

20 Qs

quiz-placeholder

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SVTC - PF Financial Institutions

SVTC - PF Financial Institutions

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Tim Clarkson

Used 15+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An organization that provides services related to money

commercial bank

charter

financial institution

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of these types of banks are Wells Fargo, Chase, and Regions

commercial banks

credit unions

charters

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A non profit financial cooperative owned by and operated for the benefit of its members; services offered only to its members

credit union

commercial bank

savings and loans associations

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A service offered by most banks and credit unions that requires a Personal Identification Number (PIN) to check account balances, make cash withdrawals and deposits, and move money from one account to another.

electronic funds tranfer

electronic financial transitioning

automated teller machine

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Also called a check card, allows you to make purchases by swiping your card through a point of sale(POS) terminal that is usually located at the merchant’s checkout counter

debit card

credit card

ATM card

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Choose two answers.


Jeff wants to open a basic savings account. He should go to which two types of financial institutions to open the account.

a financial services company

a commercial bank

an insurance company

a trust company

a credit union

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which financial institution is owned by its members?

financial service company

savings and loan association

commercial bank

credit union

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