Which organization insures your money in a bank account?
Banking Review

Flashcard
•
Social Studies
•
11th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
The FDIC
2.
FLASHCARD QUESTION
Front
What does it mean to PYF (Pay yourself first)?
Back
Save 20% of each check before spending money on anything else.
3.
FLASHCARD QUESTION
Front
Which of the following has the LEAST Liquidity: Cash, Checking Account, Savings Account, House, Retirement Account?
Back
Retirement Account
4.
FLASHCARD QUESTION
Front
Which of the following earns the most amount of interest? Principal Interest, Simple Interest, Compound Interest, Mortgages
Back
Compound Interest
5.
FLASHCARD QUESTION
Front
What is the major difference between a Credit Union and a Bank?
Back
Banks are for profit, credit unions are non-profit
6.
FLASHCARD QUESTION
Front
Which of these Financial Institutions charges the highest interest: Banks, Credit Unions, Pay Day Lenders, Walmart?
Back
Pay Day Lenders
7.
FLASHCARD QUESTION
Front
Which organization insures Credit Unions?
Back
NCUA
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