FBLA Banking & Finance Test

FBLA Banking & Finance Test

9th - 12th Grade

20 Qs

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untitled

untitled

Banking

Banking

Preparing for the Test (Money)

Preparing for the Test (Money)

FBLA Banking & Finance Test

FBLA Banking & Finance Test

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Sid Shafer

Used 21+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary function of a bank?

Issuing credit cards

Accepting deposits

Selling insurance

Providing legal advice

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term "APR" stand for?

Annual Payment Rate

Average Personal Return

Annual Percentage Rate

Asset Protection Ratio

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?

To regulate interest rates

To insure deposits in banks

To manage the national debt

To provide loans to small businesses

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the acronym "IRA" stand for in finance?

Individual Retirement Account

International Revenue Allocation

Investment Regulatory Agency

Internal Revenue Assessment

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a type of financial institution?

Credit Union

Mutual Fund

Investment Bank

Retail Store

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of a credit score?

To determine the price of goods

To calculate taxes

To evaluate job performance

To assess a person's credit risk

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the acronym "ETF" stand for in finance?

Every Transaction Fee

Exchange-Traded Fund

External Taxation Factor

Endorsement and Transfer Fee

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