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WorksheetsFinancial Institutions
Total questions: 18
Worksheet time: 10mins
Which of the following are intermediaries between people who save money and people who borrow money?
Political candidates
Government officials
Banks, credit unions, financial institutions
Schools or colleges
Why does the U.S. government issue coins and currency?
So it can be wealthy
To maintain control of the U.S. mints
To make the buying goods and services easy
To display the portraits of great former presidents
What is interest?
Something you do not have in economics
The money corporations pay to their stockholders
To set aside income for a period of time so that it can be used later
The payment people receive when they lend their money or allow someone else to use their money
Financial institutions act as intermediaries between borrowers and savers by receiving deposits and making loans. Financial institutions encourage saving by paying _____ on deposits.
Interest
Loans
Dividends
Savings
Private financial institutions include (check ALL that apply):
Federal Reserve
Savings & Loans
Credit Unions
Loans "R" Us
Banks
Which of the following is NOT a form of money found in the U.S. Economy?
Federal Reserve Note
Check
Credit Card
Coins
Banks provide which of the following EXCEPT
debit cards
loans
check writing services
government subsidies
Money added into a bank account.
withdraw
deposit
cash
cheque
Commercial banks earn money in all of the following ways EXCEPT:
Investing in other companies
Charging fees for their services
Collecting interest on loans
Taking a percentage off of all deposits
Who owns a credit union?
its members
investment bankers
the government
commercial banks
Who is a commercial bank used by?
Individuals and small businesses
Large businesses
Only businesses
What types of financial help are offered by banks?
Car loan
Business loan
Mortgage
All of the above
an organization that provides services related to money
commercial bank
charter
financial institution
also called a check card, allows you to make purchases by swiping your card through a point of sale(POS) terminal that is usually located at the merchant’s checkout counter
debit card
credit card
ATM card
What Financial Institution is limited in what they offer, and is typically used by the younger generation?
Bank
Credit Union
Savings and Loan
Internet Bank
All of these are Advantages of a Credit Union EXCEPT
Higher Interest Rates on Savings Accounts
Lower Interest Rates on Loans
Owned By Its Members
Branches Set Up All Over The Country
