BANKING AND FINANCIAL INSTITUTIONS PRACTICE
QUIZ QUESTIONS AND ANSWERS.
Which is not one of the four common financial institutions? Answer -
Commercial Banks
Title Loans
S& L's
Credit Unions
Brokerage Firms
means that laws have been enacted to remove some of the restrictions (or
regulations) that previously affected banking and financial institutions. Answer
- Deregulation
People can pay by check or debit card instead of cash. Answer - Checking
accounts
Safe places to let money grow; interest is earned on deposits. Answer - Savings
accounts and certificates of deposits (CDs)
Easy access to money from multiple locations, 24 hours a day Answer -
Automated teller machines (ATMs)
Enable account holders to deposit money or pay bills automatically. Answer -
Direct deposits and automatic withdrawls
QUIZ QUESTIONS AND ANSWERS.
Which is not one of the four common financial institutions? Answer -
Commercial Banks
Title Loans
S& L's
Credit Unions
Brokerage Firms
means that laws have been enacted to remove some of the restrictions (or
regulations) that previously affected banking and financial institutions. Answer
- Deregulation
People can pay by check or debit card instead of cash. Answer - Checking
accounts
Safe places to let money grow; interest is earned on deposits. Answer - Savings
accounts and certificates of deposits (CDs)
Easy access to money from multiple locations, 24 hours a day Answer -
Automated teller machines (ATMs)
Enable account holders to deposit money or pay bills automatically. Answer -
Direct deposits and automatic withdrawls
