Banking and Financial Institutions Quiz
Authored by Sherry Watts
Life Project
8th Grade
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Henry and Emma are looking for a financial institution where they can save money and also have a say in how it is run. What is a not-for-profit cooperative that offers bank services and is owned by its members?
Bank
Credit Union
Financial Institution
Internet Bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Avery is looking to get a personal loan to buy a new car. She visits a for-profit entity that offers personal loans, mortgages, and other services. Which type of institution is she visiting?
Bank
Credit Union
Financial Institution
Interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business that provides money-related services?
Bank
Credit Union
Financial Institution
Internet Bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a fee received or paid for the use of money?
Bank
Credit Union
Interest
Internet Bank
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Web-only bank called?
Bank
Credit Union
Financial Institution
Internet Bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money in the form of bills or coins called?
Online Banking
Bankruptcy
Cash
Foreclosure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the legal process that gives a debtor protection from creditors?
Online Banking
Bankruptcy
Cash
Foreclosure
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