Financial Institutions and Concepts
Authored by Dylan Brauer
Financial Education
12th Grade
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48 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited
Liquidity
Certificate of deposit
Depository intitution
Checking account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account that allows quick access to funds for transactions
Depository institution
Certificate of deposit
Checking account
Savings account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses that provide financial services
Depository institution
Checking account
Savings account
Savings tools
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How quickly and easily an asset can be converted into cash
Savings account
Money market deposit account
Checking account
Liquidity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account at a depository institution that is designed to hold money not spend on current consumption
Certificate of deposit
Checking account
Savings tool
Savings account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A account at a depository institution that usually has minimum balance requirements and tiered interest rates
Savings account
Money market deposit account
Checking account
Tiered interest rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts offered by depository institutions whose main purpose is to help people manage their money
Checking account
Savings account
Savings tools
Money market deposit account
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