Banking

The central bank of the United States

• The U.S. Mint

• U.S. Bureau of Printing and Engraving

• Internal Revenue Service

• The Federal Reserve

All are types of savings account except which of the following?

• Money Market Account

• Traditional Savings Account

• Stock Portfolio

• Certificate of Deposit

Which incentive do banks provide to customers who have savings accounts?

• The bank charges fees to the customer's account

• The customer can make unlimited withdrawals from their savings accounts whenever they need money.

• The bank pays interest toward the customer's account balances

There is a Federal Reserve Bank in each district covering the United States. How many federal reserve banks does the Federal Reserve consist of?

• 10

• 1

• 12

• 9

Gwen had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• None of the above

This action allows movement of funds from one account to another.

• Transfer
• Debit
• Credit
• Loan

This action includes deposits or additions to your accounts.

• Credit
• Debit
• Loan
• Withdrawal

This is the cost of using some other person's or bank's money.

• Interest
• Bill
• Principal
• Credit

The type of account where you agree to not withdraw your money for a certain amount of time.

• Certificate of Deposit

• Money Market Account

• Regular Savings Account

• Checking Account

The Federal Reserve works toward three goals for a healthy economy. Select all 3.

• Making sure the highest possible number of citizens have jobs

• Keeping the prices of goods and services stable

• Keeping loan interest rates consistently high

• Making sure the cost of a loan is not too high or too low