Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Banking / Everfi
Test Description: Banking
Instructions: Answer all questions to get your test result.
1) The three parts of the Federal Reserve System are the Reserve Banks, the Federal Open Market Committee (FOMC), and the:
A
Board of Governors
B
United States Mint
C
Secretary of State
D
Department of the Treasury
2) Which of the following is NOT one of the responsibilities of the Federal Reserve
A
Establishing the federal budget
B
Supervising the Reserve banks
C
Setting the nation’s monetary policy
D
Maintaining a stable banking system
3) Which of the following is a unique feature of credit unions
A
Credit unions are insured by FDIC
B
Credit unions offer a wide variety of banking services.
C
Credit union charge higher interest on loans
D
Credit unions are typically owned and run by their members
4) Which type of account is typically the MOST liquid?
A
Exchanged Traded Fund
B
Certificate of Deposit
C
Savings account
D
Checking account
5) Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a savings account than in a checking account
A
higher; harder
B
higher; easier
C
lower; harder
D
lower; easier
6) What part of a check is the LEAST important?
A
The check number
B
Signature line
C
Routing number
D
Memo line
7) Which of the following represent typical account fees?
A
ATM fee
B
Minimum balance fee
C
Service fee
D
All of the above
8) What’s the best strategy for avoiding ATM fees?
A
Only use ATMs to withdraw cash
B
Only use ATMs in your bank’s network
C
Only use ATMs you have used before
D
Only use ATMs close to your house
9) What’s the purpose of balancing or monitoring your checking account?
A
To stop identity theft from occurring
B
To help you calculate how much money you have in your account
C
To find out which checks you have bounced
D
keep an estimation of how many checks you write
10) The best way to ensure the accuracy and safety of your accounts is to:
A
Shred your paper account statements weekly
B
Balance your checkbook annually
C
Call your customer service center daily
D
Monitor your online accounts regularly
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?