New PF (1)

Which of the following is NOT a characteristic of a bank?

• They offer low interest rates on savings than credit unions.

• The charge higher interest rates on loans than credit unions.

• They have more advanced technology than credit unions.

• They are non-profit institutions.

Which of the following is NOT a characteristic of a credit union?

• Credit unions are non-profit institutions.

• Credit unions have less advanced technology compared to banks.

• Credit unions charge higher interest rates on loans than banks do.

• Credit unions offer higher interest rates on savings than banks do.

The specific requirement to join the University of Nebraska Credit Union is:

• You must be a current student or alumnus of the University of Nebraska.

• You must live in the state of Nebraska.

• You must live within 30 miles of a University in Nebraska.

• You must be a season ticket holder to one Husker sport.

All of the following are banks EXCEPT:

• Wells Fargo

• FNBO

• Trius

• Minden Exchange

Which of the following is NOT a characteristic of an online bank?

• High account fees and low investment yields

• Large network of ATM's, but not always in small towns

• No physical locations

• Exclusively online / over the phone support

Which of the following is NOT a characteristic of a brick & mortar bank?

• Charges higher fees and provides lower yields on investments

• Face-to-face customer service

• Large network of ATMs

• Opportunity to deposit cash

Which of the following is an example of an online bank?

• Minden Exchange Bank

• Capital One

• Pinnacle Bank

• Wells Fargo

Which of the following would be an example of a brick & mortar bank?

• First National Bank of Omaha (FNBO)

• Ally

• Capital One

• Discover

To avoid a monthly maintenance fee at a brick & mortar bank, it is likely that you will need to have:

• a minimum dollar amount in your account

• deposit a certain amount of money each month

• be a student

• all of the above

If I invest $5,000 into a traditional savings account at a bank earning 0.15% interest, I will make $7.50 on my money in one year. How much would I make if I put $5,000 into a high yield savings account that earns 4.5% each year?

• $45

• $225

• $440

• $1,111