Depository Institutions Quiz

Depository Institutions Quiz

11th Grade

10 Qs

quiz-placeholder

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Depository Institutions Quiz

Depository Institutions Quiz

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Rudolph Outlaw

Used 3+ times

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10 questions

Show all answers

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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