BM21 Chapter 17 Quiz
Authored by Dusty Baumann
Business
10th - 12th Grade
Used 8+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 An organization that collects money from clients and uses it for investments to benefit both the client and the organization
financial institution
bank
FDIC
Federal Reserve System (FED)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 A financial institution that accepts demand deposits, makes consumer and commercial loans, and buys and sells currency and government securities.
financial institution
bank
FDIC
Federal Reserve System (FED)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 The central bank of the United States
financial institution
bank
FDIC
Federal Reserve System (FED)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 A federal agency that insures deposits in banks and savings institutions
financial institution
bank
FDIC
Federal Reserve System (FED)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money put into a financial institution by depositors which can be withdrawn at any time without penalty
time deposit
commercial loan
demand deposit
consumer loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 Deposits made for a specified period of time that cannot be withdrawn early without some financial penalty
time deposit
commercial loan
demand deposit
consumer loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17.1 A loan made to a business
time deposit
commercial loan
demand deposit
consumer loan
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