Ch 17 Sec 1 Part 2 Questions

What type of financial institution offers a wide range of services including savings, checking, and loans?

• Commercial

• Savings and Loans

• Mutual Savings

• Credit Unions

Which type of financial institution specializes in savings accounts and making loans for houses?

• Commercial

• Savings and Loans

• Mutual Savings

• Credit Unions

Fill in the blank: Mutual Savings institutions are owned by and operated for the benefit of _______.

• depositors

• shareholders

• employees

• managers

Fill in the blank: Credit Unions are user owned, not for profit, and serve only _______.

• members

• customers

• investors

• shareholders

Which financial institution is associated with long-term growth and buying mutual funds?

Fill in the blank: Consumer Finance institutions provide loans for long-lasting or durable goods such as _________.

• Cars

• Groceries

• Clothing

• Toys

What type of financial institution provides loans to buy houses or rentals or land?

Which financial institution offers services like cashing paychecks, obtaining other financial services, and offering money orders and prepaid debit cards?

Fill in the blank: Pawnshops provide loans based on tangible objects like _______ and charge higher fees.

• jewelry

• electronics

• furniture

• vehicles