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Banking today Quiz

Authored by Carie Barry

History

9th Grade

Banking today Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are most banks established?

As partnerships

As sole proprietorships

As corporations

As cooperatives

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual

A form of business organization where the owner is personally liable for all debts

A form of business organization that does not have the right to enter into legal contracts

A form of business organization that cannot be sued

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a stock in the context of a corporation?

A. A loan given to a corporation

B. A certificate of ownership in a corporation

C. A type of bond issued by a corporation

D. A form of corporate tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who becomes part owners of a corporation by purchasing stock?

A. Employees

B. Managers

C. Shareholders

D. Creditors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a shareholder?

A. A person who lends money to a corporation

B. A person who owns a share or shares of stock in a corporation

C. A person who manages the corporation

D. A person who audits the corporation's finances

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is responsible for a corporation's debt?

A. The shareholders

B. The employees

C. The corporation itself

D. The government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a State-Chartered Bank?

A bank that receives its charter from the federal government

A bank that receives its charter from the state in which it operates

A bank that operates internationally

A bank that does not accept deposits

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