How to Manage your Money
Assessment
•
Fabiano Souza
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Other
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9th - 12th Grade
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6 plays
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Medium
Student preview
10 questions
Show answers
1.
Multiple Choice
Where do banks get money to lend to borrowers?
their depositors
from the government
2.
Multiple Choice
What is a major difference between retail banks and credit unions?
Retail banks operate in order to earn profit, while credit unions are nonprofit.
Retail banks DO NOT operate in order to earn a profit, while credit unions are profit TOO.
3.
Multiple Choice
Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. Which type of banking institution is most suitable for Glenn and Maggie’s business?
a commercial bank
A savings and Loan
4.
Multiple Choice
What is one benefit of purchasing saving bonds?
Saving bonds are purchased from the government and guaranteed to increase in value.
Saving bonds are NOT purchased from the government and guaranteed to DECREASE in value.
5.
Multiple Choice
Which of these is an advantage of checking accounts?
Checking accounts allow convenient ways to deposit or withdraw funds.
Checking accounts DO NOT allow convenient ways to deposit or withdraw funds.
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