Saving Stratgies

Saving Stratgies

12th Grade

27 Qs

quiz-placeholder

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Saving Stratgies

Saving Stratgies

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Easy

Created by

Wendy Bustillos

Used 3+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Who owns a credit union and who owns a bank?

Credit union: Member owned, Bank: Shareholder owned

Credit union: Shareholder owned, Bank: Member owned

Credit union: For Profit, Bank: Not-For-Profit

Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Which one is not-for-profit and which one is for profit?

Credit union: Not-For-Profit, Bank: For Profit

Credit union: For Profit, Bank: Not-For-Profit

Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service

Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Who must qualify for membership and who can be a customer?

Credit union: Must qualify for Membership, Bank: Anyone Can Be a Customer

Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership

Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA

Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Which provides personalized member service and which provides cookie-cutter customer service?

Credit union: Personalized Member Service, Bank: Cookie-Cutter Customer Service

Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service

Credit union: For Profit, Bank: Not-For-Profit

Credit union: Member owned, Bank: Shareholder owned

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Whose decisions are made with members in mind and whose with stockholders in mind?

Credit union: Decisions Made With Members In Mind, Bank: Decisions Made With Stockholders In Mind

Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA

Credit union: For Profit, Bank: Not-For-Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between a credit union and a bank? Fill in the blank: Deposits in a credit union are insured by ________, while deposits in a bank are insured by ________.

Deposits in a credit union are insured by NCUA, while deposits in a bank are insured by FDIC.

Deposits in a credit union are insured by FDIC, while deposits in a bank are insured by NCUA.

Deposits in a credit union are insured by SIPC, while deposits in a bank are insured by FDIC.

Deposits in a credit union are insured by SEC, while deposits in a bank are insured by SIPC.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Both banks and credit unions offer ________ accounts. (Fill in the blank)

Savings/checking

Loan

Credit card

Mortgage

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