

Objectives Related to Banks
Flashcard
•
Business
•
10th Grade
•
Practice Problem
•
Medium
Jeff Hutchinson
Used 1+ times
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50 questions
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1.
FLASHCARD QUESTION
Front
Objective related to banks for a small business:
Back
Define the purpose of a bank.
2.
FLASHCARD QUESTION
Front
Objective involving understanding different types and functions in financial institutions.
Back
Identify the types and functions of banks.
3.
FLASHCARD QUESTION
Front
What is the objective related to comparing different types of banks?
Back
Explain the difference between a local commercial bank and the central bank.
4.
FLASHCARD QUESTION
Front
What is a bank?
Back
A financial intermediary
5.
FLASHCARD QUESTION
Front
What role does the bank play when Maria wants to buy a car and needs a loan?
Back
An entity that acts as the middleman between two parties in a financial transaction
6.
FLASHCARD QUESTION
Front
What is the fee Maria pays Cole for using his money?
Back
A fee paid to use someone else's money
7.
FLASHCARD QUESTION
Front
What type of banks should Jose consider for his small business that deal with everyday consumers and businesses?
Back
Commercial banks
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