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WorksheetsPersonal Finance - 8.2 Financial Institutions
Total questions: 20
Worksheet time: 12mins
for-profit financial institutions that accept deposits and offer a variety of deposit accounts and financial services
retail bank
credit union
online bank
investment operator
nonprofit financial institutions that are owned and operated by their members; offer deposit accounts and lending services similar to a retail bank but at a lower cost
retail bank
credit union
online bank
investment operator
also known as internet banking; all transactions done online; no physical location
retail bank
credit union
online bank
investment operator
an option offered by banks to cover overspending an account and then charge a fee for it
overdraft protection
overdraft fee
underdraft protection
underdraft fee
a penalty charged if the account holder spends more than their account balance, causing the available balance to go below zero
overdraft protection
overdraft fee
underdraft protection
underdraft fee
provide market advice, explain regulations, and help businesses price and sell stocks or bonds to their investors.
investment banks
investment service institutions
financial advisement companies
help people with specific advice related to comprehensive investing strategies.
help people who want to invest their money in stocks or mutual funds.
investment banks
investment service institutions
financial advisement companies
help people with specific advice related to comprehensive investing strategies.
provide investment advice, income tax preparation, and estate planning.
investment banks
investment service institutions
financial advisement companies
help people with specific advice related to comprehensive investing strategies.
help people with specific advice related to comprehensive investing strategies.
investment banks
investment service institutions
financial advisement companies
wealth management firms
will find affordable and appropriate insurance plans for their clients.
insurance brokers or agents
mutial fund brokers
stock brokers
loan sharks
no membership requirements
bank
credit union
online bank
credit card
walk-in convenience
bank
credit union
online bank
credit card
check cashing and cash deposits
bank
credit union
online bank
credit card
higher interest rates on savings accounts
bank
credit union
online bank
credit card
better rates and lower fees
bank
credit union
online bank
credit card
in-person service available
bank
credit union
online bank
credit card
earned account dividends
bank
credit union
online bank
credit card
more physical locations
bank
credit union
online bank
credit card
What are 2 ways that banks make money?
fees
investing your money
selling money
printing checks
What are 2 ways that banks make money?
loans
selling you overdraft protection
selling money
printing checks
