Banking Unit

Banking Unit

11th Grade

18 Qs

quiz-placeholder

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Banking Unit

Banking Unit

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Easy

Created by

Serena Smith

Used 13+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FDIC insurance covers up to what amount?

200,000

250,000

150,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All are reasons to open a checking account EXCEPT...

easier to pay bills

access to cash at an ATM

use of a debit card

earn interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit unions benefit members which way...

higher interest/low fees

lower interest/high fees

high interest/high fees

lower interest/low fees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account may have more fees?

Savings

Checking

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Overdraft protection is required on all checking accounts.

False

True

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percent of teens have a bank account?

50%

45%

49%

59%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a reason a person would be unbanked?

excessive fees

lack of trust in banks

lack of money

banks are not accessible

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