Banking and Financial Institutions Quiz

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

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

What is a business that provides money-related services?

• Bank

• Credit Union

• Financial Institution

• Internet Bank

What is the term for a fee received or paid for the use of money?

• Bank

• Credit Union

• Interest

• Internet Bank

What is a Web-only bank called?

• Bank

• Credit Union

• Financial Institution

• Internet Bank

What is money in the form of bills or coins called?

• Online Banking

• Bankruptcy

• Cash

• Foreclosure

What is the legal process that gives a debtor protection from creditors?

• Online Banking

• Bankruptcy

• Cash

• Foreclosure

What is a written order for a bank to pay money called?

• Online Banking

• Bankruptcy

• Cash

• Check

What is the legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments?

• Online Banking

• Bankruptcy

• Foreclosure

• Check

What is an electronic way to view account activity called?

• Online Banking

• Bankruptcy

• Cash

• Foreclosure