WorksheetsBanking
Total questions: 12
Worksheet time: 7mins
The FDIC insures accounts up to...
$250
$2,500
$25,000
$250,000
An annual percentage yield represents...
The amount of money your stocks have lost
The amount of money your stocks have gained
The interest that has been earned on compounded deposits
The interest that has been lost on compounded deposits
A certificate of deposit...
Is a certificate that verifies your deposit
Is a certificate that verifies your bank information
Is a deposit that does not earn interest over a term
Is a deposit that earns interest over a term
DEFINE interest.
Money paid at a rate for money lent, delaying repayment
Money paid for paying a debt in a timely manner
Money paid for investment success
Money paid for investment failure
DEFINE principle.
A person who runs a school building
The initial money that is deposited
The money earned on an investment
The money spent after a failed investment
Select all of the services most commonly provided by banks.
Borrowing Services
Savings Accounts
Payment Services
Brokerage Accounts
Recall what sets Credit Unions apart from commercial banks. (Pick all that apply.)
Credit Unions are owned by their members
Credit Unions offer more free services
Credit Unions are not profit focused
Credit Unions belong to the Federal Reserve
Define maturity date.
The date when banks must report their profits
The amount of time during which you can't withdraw an investment
The date when an investment/debt becomes due.
The date when you debts accumulate interest
Define term.
The date when banks must report their profits
The amount of time during which you can't withdraw an investment
The date when an investment/debt becomes due.
The date when you debts accumulate interest
Name the savings plan that is exempt from state and local taxes.
Money Market Accounts
Certificates of Deposit
US Savings Bonds
Name the savings plan that is purchased from the Federal Gov.
Money Market Accounts
Certificates of Deposit
US Savings Bonds
Name the savings plan(s) that accumulate interest.
Money Market Accounts
Certificates of Deposit
US Savings Bonds
