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17: Banking and Financial Services

Authored by Gerald Jost

Other, Instructional Technology

9th - 11th Grade

44 Questions

Used 3+ times

 17: Banking and Financial Services
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All state and national banks are required to join the Federal Reserve System.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks are prohibited from lending all of the money they receive from customers.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common way for a bank to be organized is as a mutual savings bank.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks sometimes charge depositors fees for certain services, such as using an ATM or having a checking account.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not even the bank has the right to open your safe deposit box.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most banks charge a fee for each check written on a regular checking account.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you lose your debit card, your liability for unauthorized use is only $50 if you notify your financial institution within two days of the loss..

True

False

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