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what is Financial institutions?

• Banks.

• Business or organization

• credit unions

• paychecks

what does a bank teller do?

• They just sit there

• They don't handle with money

• They introduce customers to bank products

• They sleep

What is one of the main benefits of a saving account?

• Liquidity

• High interest rates

• No government insurance

• Unlimited withdrawals

How is interest on a saving account usually calculated?

• Monthly or yearly

• Daily

• Quarterly

• Bi-annually

What is a passbook in the context of saving accounts?

• A small book where all transactions are recorded

• A document showing only deposits

• An online banking tool

• A type of saving account

What might be a limitation of a saving account?

• Limit on the number of withdrawals per month

• High withdrawal fees

• No online access

• No interest earned

How can you manage your saving account more efficiently from home?

• Using online banking

• Visiting the bank frequently

• Using only a passbook

• Relying on monthly statements

What is the primary function of a credit union?

• To provide loans to the government

• To regulate the stock market

• To print money

• To offer financial services to its members

Which of the following is a common service provided by banks?

• Organizing community events

• Conducting medical check-ups

• Providing investment advice

• Issuing driver's licenses

What is the role of a financial advisor?

• To manage a company's IT infrastructure

• To provide guidance on personal financial planning

• To oversee construction projects

• To design marketing campaigns