Banking Review
Authored by Joshua Greene
Social Studies
11th Grade
Used 165+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organization insures your money in a bank account
The FDIC
The SEC
State Farm
The AAA
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to PYF (Pay yourself first)
Invest 30% of each paycheck into the stock market
Use 20% of each check to pay off bills
Save 20% of each check before spending money on anything else
Pay off your entire credit card bill each month
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following has the LEAST Liquidity
Cash
Checking Account
Savings Account
House
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following earns the most amount of interest?
Principal Interest
Simple Interest
Compound Interest
Mortgages
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the major difference between a Credit Union and a Bank?
Banks are for profit, credit unions are non-profit
Banks are non-profit, credit unions are non-profit
Banks have specific restrictions for membership
Credit Unions are more expensive to join
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these Financial Institutions charges the highest interest.
Banks
Credit Unions
Pay Day Lenders
Walmart
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organization insures Credit Unions?
NCUA
FDIC
SEC
AAA
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