Personal Finance Standard 2

The FDIC (Federal Deposit Insurance Corporation) insures deposits up to a certain amount per individual depositor. What is this amount?

• $250,000

• $1,000,000

• $500

• $625,000

CFPB is a government agency that regulates financial products and services to protect consumers. What does this acronym stand for?

• Credit Fraud Prevention Board

• Consumer Financial Prevention Board

• Customer Fraud Prevention Bureau

• Consumer Financial Protection Bureau

The NCUA is a government agency that insures deposits to a certain amount in case of __________ failure.

• Bank

• Credit union

• Insurance company

• Investment firm

Hope wants to open a bank account where she can easily make cash withdrawals and deposits. Which account should she choose?

• Savings Account

• Checking Account

• Certificate of Deposit

• Mutual Fund

Shelby has opened a new bank account that holds her money and earns a small interest rate. She can only transfer money out of that account 3 times per month; after that, she will be charged a fee for each transfer. What type of account did Shelby open?

• Savings Account

• Checking Account

• Money Market Account

• Certificate of Deposit

The strategic purchase or sale of assets is called...

• Collateral

• Insurance

• Investing

• Lending

Banks, insurance companies, and credit unions are examples of ...

• Financial Institutions

• Government Agencies

• Investors

• Sponsorships

Paige has entered into an agreement where she pays a monthly premium in exchange for a guaranteed compensation for specified loss or damages. She has purchased...

• Interest

• Fraud Protection

• Insurance

• Stock

Which of the following is considered an investing account?

• Savings Account

• Certificate of Deposit Account

• Checking Account

• Cash Account

Which of the following is an example of a strong password?

• MsMountain!

• Password123

• EvVWZaZNZFgoPCL

• buddythedog12