WorksheetsStandard 4: Banking Quiz (Types of Banks and Bank Accounts)
Total questions: 10
Worksheet time: 5mins
What type of bank is this?
Savings and Loans
Credit Union
Commercial
If I am a retired military officer I can join Navy Federal to get lower interest rates on loans and mortgages. What type of bank is this?
Credit Union
Commercial
Savings and Loans
If I am planning to buy a house and want to take out a loan, what type of bank should I look into? Mark only one oval.
Credit Union
Savings and Loans
Commercial
Which of the following is NOT a service you can get at the bank? Mark only one oval.
Transfer money from one account to another
Online banking
Loans
TV streaming
Pay bills
What does a checking account help you do? Mark only one oval.
Buy stocks
Use your money every day
Grow your money quickly
Get free gifts
If you want to buy something using your checking account, what kind of card should you use? Mark only one oval.
credit card
debit card
gift card
library card
What is one major difference between a money market account compared to a regular savings account? Mark only one oval.
Money market accounts have a higher minimum balance requirement
a regular savings account has a higher minimum balance requirement
There are no differences
There is a low interest on money market
If I want to save money for emergencies and access my money quickly, what type of account should I open? Mark only one oval.
checking
regular savings
CD (certificate of deposit)
money market
If I want to save money toward college and don't plan to use it for two years, what type of account should I use? Mark only one oval.
Money Market
Checking
Regular savings
CD (certificate of Deposit)
If I want my money to grow faster, but still want easy access to it, what type of account should I open? Mark only one oval.
Money market
Checking
Regular savings
CD (certificate of Deposit)
