NEW
Font size
WorksheetsFinancial Institutions Quizs
Total questions: 20
Worksheet time: 10mins
What free mortgage services do mortgage companies offer?
Loan applications and approvals
Quotes, calculators, and guides.
Credit score checks and reports
Home inspection services
What do insurance companies provide?
Financial coverage to protect individuals or organizations against possible adverse events in exchange for premium payments.
Investment opportunities for individuals to grow their wealth over time.
Legal advice and representation in court for various cases.
Health services and medical treatments for insured individuals.
Name some examples of mortgage companies.
Mr. Cooper®
Zillow® Home Loans
Quicken Loans®
Bank of America®
Name some examples of brokerage firms.
Fidelity®
E*TRADE®
Robinhood®
Acorns®
What is the focus of credit unions?
Helping their members save and borrow money and receive affordable financial services, offering higher savings rates and charging lower fees compared to most banks.
Maximizing profits for shareholders and providing high-interest loans to customers.
Offering investment opportunities in the stock market and real estate.
Providing insurance services and financial planning for businesses.
Who regulates mortgage companies?
The Federal Deposit Insurance Corporation (FDIC)
The Securities and Exchange Commission (SEC)
The Federal Trade Commission (FTC)
The Consumer Financial Protection Bureau (CFPB)
What are non-depository financial institutions?
Organizations that offer federally insured deposit accounts.
Organizations that do not offer federally insured deposit accounts, including investment banks, brokerage firms, insurance companies, and mortgage companies.
Organizations that only provide loans to individuals.
Organizations that manage government funds.
What services do retail banks provide?
A wide variety of financial services for individuals, families, and small businesses, including checking and savings accounts, mortgages, credit cards, and auto loans.
Investment banking services for large corporations and institutions.
Insurance products exclusively for high-net-worth individuals.
Foreign exchange services for international trade only.
Name some examples of credit unions.
Cornerstone Credit Union League™
Bank of America®
Wells Fargo®
Chase Bank®
Name some examples of insurance companies.
Allstate®, Nationwide Mutual Insurance Company®, State Farm Insurance®
Bank of America®, Wells Fargo®, Citibank®
Amazon®, eBay®, Alibaba®
Apple®, Microsoft®, Google®
What do investment banks & companies do?
They are private organizations that hold and manage securities for investment purposes, assist companies with mergers and acquisitions, and help companies raise capital.
They primarily focus on retail banking services for individual customers.
They provide insurance services and manage risk for businesses.
They are government entities that regulate the stock market and set financial policies.
How do insurance companies use money collected from premiums?
To invest in stocks and bonds for profit.
To pay claims, pooling money so the losses and expenses are shared.
To fund marketing and advertising campaigns.
To provide bonuses to executives.
How are credit unions owned and controlled?
They are owned by shareholders who profit from their investments.
They are member-owned, nonprofit financial institutions, owned and controlled by their members.
They are government-owned institutions that serve the public.
They are for-profit banks that operate under corporate ownership.
Name some examples of commercial banks.
Citibank®
JP Morgan Chase™
Goldman Sachs®
American Express®
What types of loans do savings & loan associations commonly disperse?
Loans for home repairs, construction, and refinancing.
Personal loans for vacations and travel.
Business loans for startup companies.
Student loans for higher education.
Name an example of a savings & loan association.
Highland Federal Savings & Loan Association©
First National Bank
Community Trust Bank
Pinnacle Credit Union
What do brokerage firms do?
Assist individuals in buying and selling securities among investors, conducting transactions on behalf of clients.
Provide loans to individuals for purchasing stocks.
Offer financial advice without executing trades.
Manage investment portfolios for large corporations.
How are commercial banks owned and controlled?
They are non-profit organizations owned by the government.
They are for-profit organizations owned and controlled by investors, with customers having no say in operations.
They are cooperatives owned by their customers, who have a say in operations.
They are owned by a consortium of other banks and financial institutions.
What services might commercial banks offer to large corporations?
Foreign trade services, credit card processing, and merchant services.
Personal savings accounts and home loans.
Investment advice and retirement planning.
Insurance policies and real estate services.
How are retail banks owned?
They are owned by shareholders and operate for a profit.
They are owned by the government and operate for public service.
They are owned by customers and operate as non-profits.
They are owned by private investors and operate at a loss.
