Banking Services

Banking Services

12th Grade

25 Qs

quiz-placeholder

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Banking Services

Banking Services

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ________________ is used to add funds to a bank account

check

deposit slip

signature card

withdrawal slip

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Opening a checking account requires completing a signature card.

true

false

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the difference between a bank and a credit union?

Banks are a business and a credit union has members.

Banks are non profits and credit unions are not/

Credit unions have clients and banks have members.

They are both the same.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a reason banks and business have moved to electronic banking?

Less paper and paperwork.

Ability to employ more people.

Prevents bounced or hot checks.

Less chance of being robbed.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A bank card that serves as an alternative payment of cash.

Credit card

Debit card

Credit Score

Debit score

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A timed deposit that acts as a loan to a bank and earns interest?

Savings account

Certificate of deposit

Checking account

Money market account

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

ATM is an electronic banking service

True

False

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