High School Banking

What is the primary purpose of a bank?

• To store money for customers

• To provide loans to businesses

• To print currency

• To regulate the stock market

Which of the following is a type of bank account?

• Savings account

• Credit account

• Loan account

• Investment account

What is interest in banking terms?

• A fee for using a bank's services

• A reward for saving money in a bank

• A penalty for withdrawing money

• A tax on bank transactions

Which institution insures bank deposits in the United States?

• Federal Reserve

• FDIC

• SEC

• IRS

What is a checking account primarily used for?

• Saving money

• Investing in stocks

• Everyday transactions

• Earning interest

What is a bank loan?

• Money given by a bank to a customer with interest

• A deposit made by a customer

• A type of bank account

• A bank's profit

Which of the following is a digital banking service?

• Online banking

• ATM withdrawal

• Cheque deposit

• Branch visit

What is a credit score?

• A measure of a person's financial trustworthiness

• A bank's interest rate

• A type of bank account

• A loan amount

What is the role of a bank teller?

• To manage bank investments

• To assist customers with transactions

• To approve loans

• To set interest rates

What is a mortgage?

• A loan for purchasing real estate

• A type of savings account

• A bank fee

• A stock market investment