Quiz on Financial Institutions

What is a financial institution?

• A place where you buy groceries

• A company that deals with financial transactions

• A type of restaurant

• A school for learning

Financial institutions can help with which of the following?

• Business and personal financial matters

• Organizing parties

• Building houses

• Writing stories

What can financial institutions help you with?

• Learning to swim

• Managing money

• Baking a cake

• Building a robot

Which of the following is a type of financial institution?

• Grocery store

• Bank of England

• Library

• School

What is the main purpose of a credit union?

• To provide medical services

• To offer financial services

• To sell clothes

• To teach students

What is the role of pension companies?

• To provide retirement savings

• To sell toys

• To offer medical services

• To teach students

Is the Bank of England a commercial bank?

• Yes

• No

• Sometimes

• Only on weekends

What does the Bank of England NOT do?

• Print bank notes

• Store gold bars

• Lend to the general public

• Set interest rates

What is a benefit of using a bank for businesses?

• Free advertising

• Access to credit

• Free products

• Free employees

What is the main purpose of a bank?

• To entertain people

• To handle financial transactions

• To sell clothes

• To cook food