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WorksheetsMoney Money / Banks and Credit Unions
Total questions: 16
Worksheet time: 4hrs 36mins
Name
Class
Date
1.
Banks and Credit Union accounts are insured up to
a)
250
b)
250,000.00
c)
2,500.00
d)
25,000.00
2.
______________ are insured by the Federal Deposit Insurance Corporation or FDIC.
a)
Brands
b)
Barnes
c)
Credit Unions
d)
None of the above
3.
Deposit holders at Healthnet Federal Credit Union are called __________________
a)
Members
b)
Customers
4.
____________ are small and ___________ are large.
a)
Banks and Credit Unions
b)
Credit Unions and Credit Unions
c)
Credit Unions and Banks
d)
Banks and Banks
5.
Secretary of Treasury Salmon P Chase authorized “In God We Trust” in 1864 after _________ requested it. _________ made it official in 1956.
a)
Congress, Citizens
b)
Citizens, Congress
6.
a. Checking/Current account
b. Savings accounts
c. ATM Cards
d. Check Books
e. Deposit Accounts
f. Loans
g. Credit Cards etc
b. Savings accounts
c. ATM Cards
d. Check Books
e. Deposit Accounts
f. Loans
g. Credit Cards etc
a)
Services offered to Members Only
b)
Services offered to Customers Only
c)
Services offered to Credit Union Only
d)
Services offered to Credit Union and Banks
7.
FIRST PRESIDENT OF UNITED
STATES AND ALSO LOCATED ON
THE DOLLAR BILL & QUARTER
STATES AND ALSO LOCATED ON
THE DOLLAR BILL & QUARTER
a)
Abraham Lincoln
b)
None of the Above
c)
John F Kennedy
d)
Benjamin Franklin
8.
First United States Postmaster General, One of the founding Fathers, located on the 100 dollar bill.
a)
Thomas Jefferson
b)
Andrew Jackson
c)
Benjamin Franklin
d)
Mr. Bradford
9.
True or False: You don't need an ID when opening a bank account?
a)
True
b)
False
10.
Something necessary or required for life
a)
Need
b)
Want
11.
Something unnecessary but desired.
a)
Want
b)
Need
12.
Something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work.
a)
Money
b)
Barter
c)
Well Being
13.
Nancy just moved to town and wants to open up an account for her daughter Morgan. What type of account can be opened for her daughter?
a)
Checking
b)
Savings
c)
Money Market Account
d)
Custodial Account
14.
The main goal of a savings account is to
a)
Spend
b)
Spurge
c)
Save
15.
Jonathan is excited because he just opened his first account at Bank of Bartlett. What is Jonathan called every time he enters the bank?
a)
Guest
b)
Representative
c)
Customer
d)
Member
16.
President Ulysses S Grant is on the ____ dollar bill which is larger than a 20 but smaller than a 100 dollar bill.
a)
5
b)
10
c)
50
d)
100
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