Financial Institutions Quiz

What are the two types of financial institutions?

• Depository and Non depository

• Trust and Loan

• Commercial and Retail

• Central and Insurance

List the three types of banks.

• Commercial, Retail, and Central

• Insurance, Trust, and Brokerage

• Loan, Currency Exchange, and Savings

• Federal Reserve, Mutual Savings, and Credit Unions

List the one type of non depository institution.

• Retail bank

• Commercial bank

• Central bank

• Insurance company

What is the central bank of the United States called?

• The Bank of America

• The Federal Reserve Bank

• The World Bank

• The International Monetary Fund

What is the primary function of a commercial bank?

• To provide loans to businesses

• To insure individuals and businesses

• To regulate the country's financial system

• To facilitate stock trading

What is the main difference between a depository and a non-depository institution?

• Depository institutions can offer loans, while non-depository institutions cannot

• Non-depository institutions can accept deposits, while depository institutions cannot

• Depository institutions can accept deposits, while non-depository institutions cannot

• Non-depository institutions can offer insurance, while depository institutions cannot

What type of bank is primarily involved in financial services for large businesses?

• Retail bank

• Commercial bank

• Central bank

• Savings and loan association

What is the primary role of a retail bank?

• To provide financial services to individuals

• To provide financial services to large businesses

• To regulate the country's financial system

• To facilitate stock trading

What is the main function of a central bank?

• To provide loans to businesses

• To insure individuals and businesses

• To regulate the country's financial system

• To facilitate stock trading

What type of financial institution is an insurance company?

• Depository institution

• Non-depository institution

• Commercial bank

• Retail bank