Term QUIZ Review #2

What is one example of a Credit Union?

• Chase

• SchoolsFirst

• Maximize Profits

• ING Direct

What is an early withdrawal fee?

• The bank will charge this if you take your money out of a CD after the term is over.

• The bank will charge this if you take your money out of a CD before the term is over.

• The FDIC will charge this if you take your money out of a CD before the term is over.

• The FDIC will charge this if you take your money out of a CD after the term is over.

Who created the FDIC?

• U.S. Senate

• Federal Government

• The Vice President

• Rhianna right after the Super Bowl

This account type rarely pays interest.

• savings account

• checking account

• CD

• Debit Card

Liquidity Examples...

• Stocks

• Real Estate

• Coin Collection

• Antiques

What is one example of a Retail Bank?

• ING Direct

• Chase

• Ally Bank

• SchoolsFirst

Which institution offers CDs?

• Retail Banks

• Online Banks

• Credit Unions

• All of the above

What institution requires membership before being able to join...

• Retail Banks

• Online Banks

• Credit Unions

• All of the above

An Online Bank is a non-profit bank.

• True

• False

If you don't have enough money in your bank account, your debit card will ___________.

• make your money work for you.

• bounce.

• self-destruct.

• be declined.