Banking Quiz

Bank account where money earns interest, but less accessible than checking accounts.

• Checking Account

• Savings Account

• Stock

• Mutual Fund

Citi Bank is what kind of bank?

• Savings & Loan

• Credit Union

• Commercial

• Investment Firm

What can a bank use your deposited money for?

• Personal loans

• Auto loans

• Mortgages

• All of the above

Which type of bank does NOT make a profit?

• Commercial banks

• Credit unions

• Savings & Loan

• Chase Manhattan Bank

Which type of bank account does not earn interest?

• Savings

• Certificate of deposit (CD’s)

• Money Market Account

• Checking

Which of the following is a way that banks make money?

• Charging interest on a loan

• Giving you interest on your deposits

• Charging bank fees

• Both blue and green

The FDIC will insure up to how much of your money?

• 350,000

• 100,000

• 500,000

• 250,000

These banks that specialize in offering long term financing for homes and small businesses.

• Commercial banks

• Savings & loan banks

• Credit unions

• Online platform banks

Which type of account can you access by writing a check?

• Savings

• Stocks

• Checking

• Bonds

What causes a check to bounce?

• When there is not enough money in your savings account

• When there is not enough money in your checking account

• When the bank decides to cover a check even though there isn’t enough money in your account

• When you withdraw money early from a CD