Financial Institutions & Checking and Savings Accounts Quiz
11th Grade
•33 Qs
Similar activities
Nature and purpose of business
11th Grade
•35 Qs
Chapter 14 Management, Motivation and Leadership Review
9th Grade - University
•33 Qs
fun only
9th - 12th Grade
•28 Qs
Topic 3 Business Planning
11th Grade
•28 Qs
Insurance (B9)
9th - 12th Grade
•37 Qs
Chapter 4 Review
11th - 12th Grade
•29 Qs
BP Ch. 5 Test
9th - 12th Grade
•35 Qs
Accounting Chapter 1
9th - 12th Grade
•30 Qs
Financial Institutions & Checking and Savings Accounts Quiz
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Easy
Natalie Coronas
Used 44+ times
FREE Resource
Enhance your content in a minute
33 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a financial institution (FI)?
A company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
A company that manufactures financial products.
A government agency that regulates financial markets.
A non-profit organization that provides financial education.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT listed as a type of financial institution in the provided material?
Banks
Credit Unions
Retail Stores
Government Lenders
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of financial institution that deals with insurance?
Commercial Banks
Insurance Companies
Investment Companies
Credit Unions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a bank?
A place to store personal belongings
A financial institution licensed to receive deposits and make loans
A type of restaurant
A government office
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following services is NOT typically provided by banks?
Wealth management
Currency exchange
Safe deposit boxes
Medical services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do financial institutions make money?
By charging fees for account maintenance
From the "spread" - the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make
By selling financial products
By offering investment advice
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do consumers look for a high interest rate on deposits?
Because the higher the number, the lower the earnings
Because the higher the number, the higher the earnings
Because the higher the number, the lower the risk
Because the higher the number, the higher the fees
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
35 questions
Chapter 9 Financial Management Review
Quiz
•
9th Grade - University
30 questions
Understand Personal Social Development 101AND102
Quiz
•
9th - 12th Grade
35 questions
Fundamentals of Marketing
Quiz
•
9th - 12th Grade
28 questions
Quiz It Up! Biz Personalities
Quiz
•
KG - Professional Dev...
30 questions
Finance Quiz
Quiz
•
11th Grade
32 questions
QUARTERLY IN ENTREP.
Quiz
•
11th Grade
28 questions
Temas 1, 2 y 3 Empresa y modelos de negocio
Quiz
•
9th - 12th Grade
30 questions
Unit 3 Finance Exam practice
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
4:3 Model Multiplication of Decimals by Whole Numbers
Quiz
•
5th Grade
10 questions
The Best Christmas Pageant Ever Chapters 1 & 2
Quiz
•
4th Grade
12 questions
Unit 4 Review Day
Quiz
•
3rd Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
15 questions
Solving Equations with Variables on Both Sides Review
Quiz
•
8th Grade