Banking Unit Review

Banking Unit Review

KG

27 Qs

quiz-placeholder

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Banking Unit Review

Banking Unit Review

Assessment

Quiz

Other

KG

Practice Problem

Hard

Created by

Adrianna Vargas

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT a common feature of a financial institution?

Access to investment products

Paper checks

Access to ATMs

Direct deposit

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which type of bank account typically offers the least (if any) interest?

Traditional Savings Account

Certificate of Deposit

Money Market Account

Checking Account

3.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Savings accounts typically offer more interest than what type of account?

Retirement account

Money market account

Checking account

Certificate of deposit

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which type of bank account is best for everyday transactions?

Checking Account

Savings Account

Money Market Account

Certificate of Deposit

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.

True

False

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which savings account will earn you the least money?

One that compounds interest daily.

One that earns simple interest monthly.

One that earns simple interest daily.

One that compounds interest monthly.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which savings account will earn you the most money?

One that compounds interest daily.

One that compounds interest monthly.

One that earns simple interest daily.

One that earns simple interest monthly.

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