Understanding Financial Institutions and Services

Which is not a financial service provider

• Savings and Loans

  (S & Ls)

• Banks

• Credit Unions

• Spending and Loans

  (S & Ls)

Select all the banking products offered by banks.

• checking account

• savings account

• bank cards

  (debit and/or credit)

• piggy banks

• credit unions

Which is not a banking service?

• loans

• safe-deposit box

• overdraft protection

• stop payment order

• liquidity

What are the three main considerations when choosing a financial institution?

• location

• interest rates

• safety

• friendly people

• pet-friendly

What independent agency insures customers deposits in banks?

• FDIC

• FGHI

• FLOP

• FOAM

• FOIL

How much money will the FDIC insure for each bank account you own?

• $250,000

• $500,000

• $1,000,000

• $300,000

• $150,000

​​ ​ (a)   checking accounts are designed for low-income customers; ​ ​ (b)   checking accounts earn interest like a saving account

• Lifeline
• Small 
• Low
• Interest-bearing
• basic
• money-making

What must be presented when you open a checking account? Select all that apply.

• ID

• address

• social security number

• 1040 form

• W-2

What was the check written for​ (a)   ; who was the check written to​ (b)   ; Which orange number is the bank routing number​ (c)   Where is the bank located​ (d)  

• rent
• Gold Star Management
• 10
• San Francisco
• Los Angeles
• 11
• Brian Buffalo
• Main Bank
• car payment

What are examples of PSP accounts that workers can invest their money in? Select all that apply.

• 403 (b)

• 401 (k)

• 899 (g)

• 513 (c)