
Depository Institutions Quiz
Authored by Rudolph Outlaw
Business
11th Grade
Used 3+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What is one characteristics of a
commercial bank?
For Profit
Have membership qualifications – members must share a “common bond”
Not-for-profit – owned by members
Offer many services but usually not as many as a bank
2.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What is NOT a characteristics of a
Credit Union?
Offer numerous financial services
Have membership qualifications – members must share a “common bond”
Not-for-profit – owned by members
Offer many services but usually not as many as a bank
3.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
How much is each depositor insured per institution?
$255,000
$250,000
$225,000
$260,000
4.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
The price paid for using someone else's money is called ___________.
Interest Rate
Interesting
Interest
Interested
5.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
The (2) most common banking accounts are:
Checking/Bank
Savings/Pensions
Money market/IRA's
Checking/Savings
6.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
ATM stands for ________.
Automated Teller Machines
Automated Talking Machines
Automated Teller Market
Automatic Tracker Machines
7.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What service is NOT offered by depository institutions?
Online Banking
Mobile Banking
Debit Cards
Cash App Cards
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