WorksheetsBank Quiz
Total questions: 11
Worksheet time: 7mins
What is a bank?
a retail shop that primarily sells food
a financial institution, which is a fancy way of
saying a business that stores and manages money for
individuals and other businesses.
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rate
a financial institution that facilitates the buying and selling of house and buildings
All of the following are types of banks, except
Central
Brokerage
Retail
Commercial
Demand deposit account that can keep your money safe, and easily withdraw at any time is called?
Savings Account
Checking Account
Money Market Account
Retirement Account
Which of the following accounts has the highest amount of liquidity?
401(k)
Checking
CD
IRA
What does the FDIC do?
Pays you interest in your checking account
Protects your money should the bank be robbed
Loan you money based on your credit score
Takes your money and doesn't give it back
Money added to a bank account is called?
Tax
Fee
Withdraw
Deposit
What type of card allows you to withdraw money you have in your bank account?
Credit Card
Debit Card
Bank Card
ID Card
What type of card allows you to withdraw money you have in your bank account?
Credit Card
Debit Card
Bank Card
ID Card
