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WorksheetsBank Review
Total questions: 10
Worksheet time: 5mins
1. The ____________________ is the central banking system of the United States of America. T
Federal Reserve System
Central Bank
Main Bank
World Bank
There are ____ Federal Reserve Banks in the United States.
3
5
10
12
1. An account is a deposit account held at a financial institution that allows withdrawals and deposits using checks and debit cards.
Savings
CDs
Checking
Money Market
Accounts maintained by retail financial institutions that pay interest.
Checking
Savings
Auto Loans
None of the above
A(n) economic system with no barriers to free market activity.
Stock market
Open and free market
Limited market
Unlimited
Bank cards can be either a debit card or a credit card.
TRUE
FALSE
An advantage (pro) of Certificates of Deposits (CDs) and Individual Retirement accounts is that the money can be taken out at any time without penalty.
True
False
A consequence of having bad credit is that you pay higher interest rates on loans.
True
False
The person on the check that reads "Pay to the order of __" is called
Payee
Drawer
Checker
Customer
The record of checking account transactions is recorded in a
Check
Accounting Spreadsheet
Check Register
Recordbook
