WorksheetsBanking and Financial Institutions Quiz
Total questions: 19
Worksheet time: 10mins
Henry and Emma are looking for a financial institution where they can save money and also have a say in how it is run. What is a not-for-profit cooperative that offers bank services and is owned by its members?
Bank
Credit Union
Financial Institution
Internet Bank
Avery is looking to get a personal loan to buy a new car. She visits a for-profit entity that offers personal loans, mortgages, and other services. Which type of institution is she visiting?
Bank
Credit Union
Financial Institution
Interest
What is a business that provides money-related services?
Bank
Credit Union
Financial Institution
Internet Bank
What is the term for a fee received or paid for the use of money?
Bank
Credit Union
Interest
Internet Bank
What is a Web-only bank called?
Bank
Credit Union
Financial Institution
Internet Bank
What is money in the form of bills or coins called?
Online Banking
Bankruptcy
Cash
Foreclosure
What is the legal process that gives a debtor protection from creditors?
Online Banking
Bankruptcy
Cash
Foreclosure
What is a written order for a bank to pay money called?
Online Banking
Bankruptcy
Cash
Check
What is the legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments?
Online Banking
Bankruptcy
Foreclosure
Check
What is an electronic way to view account activity called?
Online Banking
Bankruptcy
Cash
Foreclosure
A card that looks like a credit card but operates like cash; money is immediately subtracted from the cardholder’s bank account when a purchase is made.
Mobile Banking
Credit
Debt
Credit Card
Debit Card
The amount of financial trust extended to a person or a business by a lender; a loan.
Mobile Banking
Credit
Debt
Credit Card
Debit Card
A card authorizing the holder to buy goods and services that can be paid for later.
Mobile Banking
Credit
Debt
Credit Card
Debit Card
A wireless service that allows financial transactions.
Mobile Banking
Credit
Debt
Credit Card
Debit Card
Which service allows consumers to transfer money electronically?
Paypal
Disadvantage
CashApp
Debit
What is an amount deducted from a bank account called?
Paypal
Disadvantage
CashApp
Debit
What term describes a favorable condition or circumstance?
Paypal
Disadvantage
Advantage
Debit
Which app allows individuals to quickly send and receive money person to person?
Paypal
Disadvantage
CashApp
Debit
What term describes an unfavorable condition or circumstance?
Paypal
Disadvantage
CashApp
Advantage
