BM21 Chapter 17 Quiz

BM21 Chapter 17 Quiz

10th - 12th Grade

25 Qs

quiz-placeholder

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BM21 Chapter 17 Quiz

BM21 Chapter 17 Quiz

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Dusty Baumann

Used 8+ times

FREE Resource

25 questions

Show all answers

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Money put into a financial institution by depositors which can be withdrawn at any time without penalty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17.1 Deposits made for a specified period of time that cannot be withdrawn early without some financial penalty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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