Purpose of Financial Institutions


10 questions

  • 1. Multiple Choice
    30 seconds
    1 pt

    Which situation shows a financial institution as a borrower?

    Abby uses a credit card to pay for an online purchase

    Kevin borrows money to pay for a course as a dental assistant

    Luis deposits his paycheck into a savings account

    Hailey takes out a loan to help her buy a house.

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which of the following is NOT a service a bank provides

    It makes loans to other customers.

    It provides credit cards for its customers

    Customers can deposit and withdraw money from their accounts

    Helps you loan money to your friends

  • 3. Multiple Choice
    2 minutes
    1 pt

    Which is a good reason to use a Financial Institution?

    Putting your allowance in a safe place

    Lending your friend $5

    Borrowing money to buy a new toy

  • Answer choices
    Answer choices