WorksheetsQuiz on Financial Institutions
Total questions: 15
Worksheet time: 8mins
What is a financial institution?
A place where you buy groceries
A company that deals with financial transactions
A type of restaurant
A school for learning
Financial institutions can help with which of the following?
Business and personal financial matters
Organizing parties
Building houses
Writing stories
What can financial institutions help you with?
Learning to swim
Managing money
Baking a cake
Building a robot
Which of the following is a type of financial institution?
Grocery store
Bank of England
Library
School
What is the main purpose of a credit union?
To provide medical services
To offer financial services
To sell clothes
To teach students
What is the role of pension companies?
To provide retirement savings
To sell toys
To offer medical services
To teach students
Is the Bank of England a commercial bank?
Yes
No
Sometimes
Only on weekends
What does the Bank of England NOT do?
Print bank notes
Store gold bars
Lend to the general public
Set interest rates
What is a benefit of using a bank for businesses?
Free advertising
Access to credit
Free products
Free employees
What is the main purpose of a bank?
To entertain people
To handle financial transactions
To sell clothes
To cook food
What services do building societies provide?
A) Only mortgages
B) Only credit
C) Day to day banking, mortgages, and credit
D) Only day to day banking
What do building societies NOT focus on?
A) Providing financial services
B) Setting rates for members
C) Building houses
D) Offering credit
Which institution is owned by members?
Building Societies
Bank of England
Banks
None of the above
Which institution offers a structured way to plan for retirement?
National Savings & Investment
Insurance companies
Pension companies
Payday Loans
Which institution allows you to buy back a pawned asset?
Payday Loans
Insurance companies
Pawnbrokers
Pension companies
