Banking Quiz

True or False: Commercial Banks do not make a profit.

• True

• False

Citi Bank is what kind of bank?

• Savings & loan

• Commercial

• Credit Union

• Money Market Account

Name a way that a bank makes money.

Evaluate responses using AI:

OFF

What does the bank use your deposited money for?

Evaluate responses using AI:

OFF

The FDIC will insure up to how much of your money?

Evaluate responses using AI:

OFF

Banks that specialize in offering long term financing for homes and small businesses.

• Commercial Bank

• Savings & Loan

• Money Market Account

• Credit Union

True or False: Credit Union are For-Profit.

• True

• False

Nonprofit banks owned by members, who are often from a single organization or trade union.

• Commercial Bank

• Savings and Loan

• Credit Union

• Money Market Account

True or False: Credit Union fee and loan rates are lower than commercial banks.

• True

• False

True or False: Most Credit unions are NOT insured by the FDIC.

• True

• False