Depository Institutions and Banks Quiz

What percentage of their deposits must banks with more than $124.4 million on deposits keep on reserve?

• 3%

• 10%

• 5%

• 15%

What is a depository institution?

• A financial institution that lends money to the government

• A financial institution that only invests in securities

• A financial institution that accepts deposits from the public

• A financial institution that only provides insurance services

Which of the following is NOT a main type of depository institution?

• Credit unions

• Investment banks

• Savings institutions

• Banks

What do retail banks offer to consumers?

• Only deposit accounts

• Deposit accounts, lending, and limited financial advice

• Only lending services

• Only financial advice

What is the difference between online banks and neobanks according to the text?

• Online banks are not affiliated with traditional banks, while neobanks are.

• Neobanks are not affiliated with traditional banks, while online banks are.

• Online banks offer full banking services, while neobanks offer only digital services.

• Neobanks offer full banking services, while online banks offer only digital services.

What is the maximum amount of money insured by depository insurance for each person, per institution, per ownership category?

• $100,000

• $200,000

• $250,000

• $500,000

Which of the following is NOT a financial service offered by depository institutions?

• Investments

• Checking

• Real estate brokerage

• Loans

Credit unions are owned by:

• Shareholders

• Government entities

• Members

• Private investors

What is the primary specialization of savings institutions?

• Consumer deposits and loans

• Real estate financing

• Credit card services

• Investment services

Which of the following entities provides insurance for banks and savings banks?

• National credit union administration (NCUA)

• Federal depository insurance corporations (FDIC)

• State savings bank (SSB)

• Federal savings bank (FSB)