Financial Institutions

Which situation shows a financial institution as a borrower?

• Abby uses a credit card to pay for an online purchase

• Kevin borrows money to pay for a course as a dental assistant

• Luis deposits his paycheck into a savings account

• Hailey takes out a loan to help her buy a house.

Which of the following is NOT a service a bank provides

• It makes loans to other customers.

• It provides credit cards for its customers

• Customers can deposit and withdraw money from their accounts

• Helps you loan money to your friends

Which is a good reason to use a Financial Institution?

• Putting your allowance in a safe place

• Lending your friend $5

• Borrowing money to buy a new toy

Which of the following is NOT a good reason to use a financial insitution

• Borrowing money for college

• Placing your birthday money in an account

• Letting your friend borrow $10

• Taking out a loan to purchase a home

Which of these is NOT provided by a financial institution such as a bank or credit union? 

• lending money to people and businesses
• paying you interest on money in your savings account
• keeping money safe
• paying your bills

Which of the following will a bank provide?

• Keep your money safe
• Pay your bills
• Put money into your account
• Balance your checkbook

Tags

CCSS.6.NS.C.7C

When you withdraw money you...

• put money into the bank

• you take money out of the bank

• multiply and make more money

• divide and make less money

Tags

CCSS.2.OA.A.1

A deposit is when _____________.

• you put money into the bank

• you take money out of the bank

• multiply and make more money

• divide and make less money

Tags

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

A bank helps keep money safe.

• True

• False

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.2

CCSS.RL.4.2

CCSS.RL.5.2

A bank DOES NOT lend money to its customers.

• True

• False

Tags

CCSS.RL.11-12.6