Private Financial Institutions
Authored by A Behram
History
8th Grade
Used 29+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks are businesses that keep and lend money
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Banks keep your money in a savings account
They pay you interest
You pay them interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Banks LOAN you money for things
They pay you interest
You pay them interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest is a fee paid for the use of someone else's money
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hint: when you save money with a bank you get
Interest payments
Dividend payments
Bonus
Salary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Financial institution that mostly deals with savings and home loans
Savings and Loan
Credit Union
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial institution that is created by a group or union (Teachers, Plumbers)
Credit Union
Securities Brokerage
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