wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Banking and Financial Institutions Quiz

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

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?

a)

Bank

b)

Credit Union

c)

Financial Institution

d)

Internet Bank

2.

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?

a)

Bank

b)

Credit Union

c)

Financial Institution

d)

Interest

3.

What is a business that provides money-related services?

a)

Bank

b)

Credit Union

c)

Financial Institution

d)

Internet Bank

4.

What is the term for a fee received or paid for the use of money?

a)

Bank

b)

Credit Union

c)

Interest

d)

Internet Bank

5.

What is a Web-only bank called?

a)

Bank

b)

Credit Union

c)

Financial Institution

d)

Internet Bank

6.

What is money in the form of bills or coins called?

a)

Online Banking

b)

Bankruptcy

c)

Cash

d)

Foreclosure

7.

What is the legal process that gives a debtor protection from creditors?

a)

Online Banking

b)

Bankruptcy

c)

Cash

d)

Foreclosure

8.

What is a written order for a bank to pay money called?

a)

Online Banking

b)

Bankruptcy

c)

Cash

d)

Check

9.

What is the legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments?

a)

Online Banking

b)

Bankruptcy

c)

Foreclosure

d)

Check

10.

What is an electronic way to view account activity called?

a)

Online Banking

b)

Bankruptcy

c)

Cash

d)

Foreclosure

11.

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.

a)

Mobile Banking

b)

Credit

c)

Debt

d)

Credit Card

e)

Debit Card

12.

The amount of financial trust extended to a person or a business by a lender; a loan.

a)

Mobile Banking

b)

Credit

c)

Debt

d)

Credit Card

e)

Debit Card

13.

A card authorizing the holder to buy goods and services that can be paid for later.

a)

Mobile Banking

b)

Credit

c)

Debt

d)

Credit Card

e)

Debit Card

14.

A wireless service that allows financial transactions.

a)

Mobile Banking

b)

Credit

c)

Debt

d)

Credit Card

e)

Debit Card

15.

Which service allows consumers to transfer money electronically?

a)

Paypal

b)

Disadvantage

c)

CashApp

d)

Debit

16.

What is an amount deducted from a bank account called?

a)

Paypal

b)

Disadvantage

c)

CashApp

d)

Debit

17.

What term describes a favorable condition or circumstance?

a)

Paypal

b)

Disadvantage

c)

Advantage

d)

Debit

18.

Which app allows individuals to quickly send and receive money person to person?

a)

Paypal

b)

Disadvantage

c)

CashApp

d)

Debit

19.

What term describes an unfavorable condition or circumstance?

a)

Paypal

b)

Disadvantage

c)

CashApp

d)

Advantage