PF- Banking and Credit Review
Authored by Kevin Kley
Financial Education
9th - 12th Grade
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is usually to your checks and direct deposit, and is for money coming in and out?
Checking Account
Savings Account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is meant to accumulate a small amount of interest and houses your money for future needs?
Checking Account
Savings Account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The initial deposit interest is collected on is called the
Minimum Balance
Principal
Introductory Rate
Interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a savings option?
Money Market Account
Certificates of Deposit
IRA (individual retirement account)
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The FDIC stands for the
Federal Deposit Institution Corporation
Federal Deposit Insurance Corporation
Federal Deduction Insurance Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of credit requires payment of a fixed monthly amount (or more), until the principal is paid off in full
Non-Revolving Credit
Revolving Credit
Secured Credit
Unsecured Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of credit refers to loans secured by an asset (collateral)
Non-Revolving Credit
Revolving Credit
Secured Credit
Unsecured Credit
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