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Banking Basis

Authored by John Robinson

Social Studies

12th Grade

Banking Basis
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15 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is important to be creditworthy and your relationship with you ________ is the most important step.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the card called that is tied to your checking account?

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A card that is a loan from a bank is called a ________?

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Another way to establish good credit is through the relationship you develop with your ___________?

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

----- are the key players in the monetary system

People

Governments

Businesses

Banks

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

FDIC Insurance is...

Optional coverage consumers can purchase so that their bank deposits remain safe

Insurance bank branches can buy to protect their business against fraud and scams

Required if you want to do online or mobile banking

Protection for bank customers’ deposits up to $250,000, guaranteeing their money is still available if the bank goes out of business

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary function of a bank in the economy?

To provide loans and accept deposits

To manufacture goods

To enforce laws

To create educational content

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