ACTUAL QUESTIONS AND CORRECT
ANSWERS
Checking Services - Correct answers✔✔Provides a convenient and safe method for account
holders to pay by check, or debit card instead of cash.
Credit cards - Correct answers✔✔Card holders are able to access credit for purchases up to a
certain amount by the approved credit limit.
KEOGHs - Correct answers✔✔Retirement plan that covers self-employed individuals not
considered employees
IRAs - Correct answers✔✔Retirement accounts that are taxable upon withdrawal at age 70
Stocks, bonds, and mutual funds - Correct answers✔✔Investments in corporations and
governments for the purpose of meeting future financial needs
Small business loans - Correct answers✔✔Provides an opportunity for an entrepreneur to borrow
money to support the financial needs of the enterprise.
Student loans - Correct answers✔✔Money borrowed by students to pay for post-secondary
education (often at below-market rates).
Deposit insurance - Correct answers✔✔Provides depositors with a guarantee that their deposits
are insured by the the government for up to $250,000 per depositor.