BizTown Quiz #2

Which of the following is a financial institution?

• Museum

• Credit union

• Library

• School

Which services does a bank not offer?

• Loan

• Online banking

• Daycare

• Savings account

The amount left over from your paycheck after taxes and deductions is called:

• Balance

• Transaction

• Gross balance

• Net pay

When you buy something in Pennsylvania the tax you pay is called...

• Sales tax

• Penny tax

• Income tax

• Property tax

Which of the following is not a tax collected?

• Sales tax

• Penny tax

• Income tax

• Property tax

Compare and contrast banks and credit unions.

Groups:

(a) Bank

,

(b) Credit Union

,

(c) Both

• Nonprofit

• Limited membership- teacher credit

  union

• Savings

  account

• Share holder owned

• Less products

• Checking

  account

• Credit

  cards

• Less accessible

• More products

• For profit

• Anyone can join

• More accessible

• Members are also the owners