Wyatt CE 12 abcd

Select 3 types of financial institutions shown in the pictures below.

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Financial institutions help with the transfer of money between ______.

• savers and borrowers

• businesses and the government

• state and local governments

• you and your family members

What are the two main jobs of private financial institutions?

• Offer loans and print money

• Accept deposits and help consumers

• Accept deposits and offer loans

• Give ATM cards and credit cards

Which type of private financial institution is created for members and is non-profit?

• credit union

• bank

• savings and loan

• internet bank

Select all of the financial institutions-

• bank

• credit union

• savings and loan

• federal reserve system

How does a financial institution encourage savings?

• pay interest

• give away free prizes

• advertisements

• provide a safe place to keep your money

Private financial institutions act as intermediaries between savers and --?

• borrowers

• the government

• taxation

• businesses

What do financial institutions do with your deposits?

• make loans

• put it in their vault

• place it in other banks for safe keeping

• keep it in security boxes

Typically a not-for-profit institution

• Credit Unions
• Commercial banks
• Capital investments
• CD's & DDA's

Banks, credit unions, and savings and loans, and any firm that receives deposits and makes loans are all types of what?

• Financial communication commissions
• Private financial institutions
• Public financial institutions
• Deposit insurance companies