Financial Institution Pre-Test

Financial Institution Pre-Test

12th Grade

5 Qs

quiz-placeholder

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Financial Institution Pre-Test

Financial Institution Pre-Test

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Dante Guilliod

Used 2+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A key difference between credit unions and banks is:

Banks usually pay higher interest on savings accounts

Credit Unions are usually member-owned

Bank debit cards are more widely accepted

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A single fund account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to how much?

$1,000,000

$500,000

$250,000

$150,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What types of fees may financial institutions charge?

Overdraft Fees

Monthly Account Fees

ATM Fees

All of the Above

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

If you want to switch banks you should:

Compare services at other banks and credit unions first.

Compare fees at other banks and credit unions first

Consider the location and convenience of other banks and credit unions first

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Overdrafts can happen when you're using:

A credit card

A prepaid card

A debit card

All of the Above

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