Vocabulary Review-Financial Institutions

Vocabulary Review-Financial Institutions

Professional Development

10 Qs

quiz-placeholder

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Vocabulary Review-Financial Institutions

Vocabulary Review-Financial Institutions

Assessment

Quiz

English

Professional Development

Medium

Created by

Aisha Bennett

Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a financial institution?

A company that offers money transfer services

A person or company that provides loans

A company authorized to provide a wide range of financial services

A group of companies that help the poor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial institutions include:

banks, credit unions and trust companies

banks and credit unions only

banks only

Western Union

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A virtual bank has:

a wide range of branches across the cities

few or no branch offices

limited financial products and services

higher banking fees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Credit Union?

A member owned financial institution that offers similar solutions as banks

A bank that offers special credit cards

A financial institution that offers savings accounts only

A virtual bank that has no branches

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are savings?

money used for every day spending

money used to save people's lives

money saved through banks or investment plans

souvenirs that people keep in their homes

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When you open an account with a bank, you become a __________

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When you join a Credit Union, you become a __________

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