Banking Review
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Morgan Sellers
Used 2+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Pat has a savings account and a car loan from a not-for-profit financial institution owned by its members. She is probably a member of a:
traditional bank
credit union
payday lender
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The best reason for depositing money in a bank or credit union savings account instead of keeping your money "under the mattress" is that:
it will earn a rate of interest.
you can place bets online.
your sister can't steal it
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The National Credit Union Administration (NCUA) insures accounts in a:
Progressive Insurance
stock market
credit union
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Employees prefer direct deposits because:
It takes longer to be deposited in their checking account.
Money is deposited in their checking account SOONER!
it's free money!
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement, which action should the person to take first?
Determine that checks already written have cleared.
Close their checking account
Call the bank manager and complain
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A blank endorsement on a check:
creates a check that can be cashed by anyone.
means it's canceled
is the safest
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This financial product has the most predictable income:
stocks
Certificate of Deposit CD
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