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WorksheetsPERSONAL FINANCE SURPRISE QUIZ FM 4
Total questions: 10
Worksheet time: 5mins
Specialized in savings account and mortgage loans. is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund.
SAVINGS AND LOANS ASSOCIATIONS
CREDIT UNIONS
MUTUAL SAVINGS BANK
Also known as Mutual Funds. It is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities.
UNION BANKS
INVESTMENT COMPANIES
INTERMEDIARIES COMPANY
It is a lender specializing in originating home loans and car loans.
MORTGAGE COMPANY
FINANCE COMPANIES
LOANS AND SAVINGS BANKS
It is a payment card that deducts money directly from a consumer's checking account when it is used.
DEBIT CARD
CREDIT CARD
SAVINGS CARD
Get in the habit of paying your bills on time. This is important for establishing and maintaining good credit.
TRUE
FALSE
Life Insurance refers to the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period.
TRUE
FALSE
Savings and loans association offers a full range of services including checking, savings, lending and other services
TRUE
FALSE
A Premium Savings Account is a type of checking account which offers the ability to write checks. It also provides access to a debit card that you can use to make purchases and withdraw cash at ATM’s.
TRUE
FALSE
Savings and Loans Association is owned by their depositors by paying a higher rate on savings. It is also a type of thrift institution originally designed to serve low-income individuals. Historically, these individuals invested in long-term, fixed-rate assets, such as mortgages.
TRUE
FALSE
It is the use of credit for personal needs (excludes home loans, home improvement loans, and higher education loans).
CONSUMER CREDIT
CREDIT CARD
CREDIT UNION
