Types of Financial Institutions
Authored by John Robinson
Social Studies
12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
A ____ is a financial intermediary that accepts deposits, makes loans, and offers checking accounts.
bank
payday lender
federal reserve
brokerage firm
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An organization that provides services related to money
commercial bank
charter
financial institution
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Examples of these types of banks are Wells Fargo, Chase, and Regions
commercial banks
credit unions
charters
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A non profit financial cooperative owned by and operated for the benefit of its members; services offered only to its members
credit union
commercial bank
savings and loans associations
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A nonprofit depository institution that is owned by members
Unbanked
Brick-and-mortar bank
Digital bank
Credit union
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the three types of financial institutions?
Banks
Credit Unions
Savings & Loan
Post Office
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Bayport Credit Union and Old Point National Bank are examples of-
Government agencies
Major economic systems
Public goods and services
Private financial institutions
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