Financial Institutions

Which one of the following is the BEST place to keep your money safe?

• Inside the freezer

• In the bank

• Inside your drawer

• Give it to your mom

Which place would you go if you wanted to take out a loan to start a business?

• A credit union

• Summer camp

• Ski resort

• Phone company

Which one of the following can you do at an Automated Teller Machine (ATM)?

• Order food

• Ask for a loan

• Withdraw money

• Rent a movie

Which one of the following can you NOT do at an Automated Teller Machine (ATM)?

• Withdraw money

• Balance inquiry (find out how much money you have in the bank)

• Transfer money

• Ask for a loan

Which one of the following is NOT something the bank can do for you?

• Keep your money safe

• Pay your debts (money you owe)

• let you apply for a loan

• Issue you a new checkbook

Tags

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

CCSS.RL.5.1

Which one of the following is NOT something a financial institution can do for you?

• Allow you to open a savings account

• Allow you to open a checking account

• Allow you to apply for a loan

• Let you start a business

Which one of the following institutions can you borrow money from, with interest that can be repaid later?

• Train station

• Library

• Bank

• Post office

Which one of the following transactions can you do at the bank?

• Deposit money

• Withdraw money

• Transfer money

• All of the above

Why do most people deposit some or all of their money in banks?

• The teller in the bank is their friend.

• Federal law states that extra money must be deposited at banks.

• They want to be friends with the bank manager.

• They want to keep their money in a safe place.

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.4.2

CCSS.RL.5.2

Which one of the following statements is true about banks?

• Banks lend money to people, and people pay back the money with interest.

• Banks make profit by printing their own bills.

• Banks take money from people and never return it.

• Banks will only allow you to open an account if you know their manager.