Chapter 8: Financial Services Exam
Questions and Answers Graded A+
A bank can help you _____ your money and keep it _____. - Correct answer-
Manage; safe
Some of the services banks offer include . . . - Correct answer-Mortgages, check
writing, and debit cards
A savings account is for ___________. - Correct answer-Long-term savings goals
An easy way to avoid ending up with errors in your checking account is to simply .
. . - Correct answer-Monitor your account at least twice a week
The Federal Deposit Insurance Corporation (FDIC) and National Credit Union
Administration (NCUA) keep your money in the bank insured up to ______ per
account. - Correct answer-$250,000
Credit Unions differ from retail banks in that they typically require membership
based on specific criteria. T/F? - Correct answer-true
Your emergency fund should go in your checking account, NOT a money market
account. - Correct answer-
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
Questions and Answers Graded A+
A bank can help you _____ your money and keep it _____. - Correct answer-
Manage; safe
Some of the services banks offer include . . . - Correct answer-Mortgages, check
writing, and debit cards
A savings account is for ___________. - Correct answer-Long-term savings goals
An easy way to avoid ending up with errors in your checking account is to simply .
. . - Correct answer-Monitor your account at least twice a week
The Federal Deposit Insurance Corporation (FDIC) and National Credit Union
Administration (NCUA) keep your money in the bank insured up to ______ per
account. - Correct answer-$250,000
Credit Unions differ from retail banks in that they typically require membership
based on specific criteria. T/F? - Correct answer-true
Your emergency fund should go in your checking account, NOT a money market
account. - Correct answer-
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
