Financial Institutions Quiz

Financial Institutions Quiz

KG

10 Qs

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Financial Institutions Quiz

Financial Institutions Quiz

Assessment

Quiz

Business

KG

Practice Problem

Medium

Created by

Melissa Anderson

Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two types of financial institutions?

Depository and Non depository

Trust and Loan

Commercial and Retail

Central and Insurance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List the one type of non depository institution.

Retail bank

Commercial bank

Central bank

Insurance company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Retail bank

Commercial bank

Central bank

Savings and loan association

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