New Banking/credit Test 1st: Question Preview (ID: 24221)

Below is a preview of the questions contained within the game titled NEW BANKING/CREDIT TEST 1ST: Missed Exam Questions .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

Since she deposited cash the money will be available for her to spend __________
a) 1-3 business day b) immediately c) 3-7 days d) none
Which of the following are Federally insured financial institutions.
a) Banks and Credit union b) No one is c) Pawn shops d) check cashing
Benefits of opening a bank account are many. Bank accounts are safe places to store money, allow various ways to access and use that money, and __________.
a) IRS collecting our taxes b) FDIC protecting 400,000 of our money c) all above d) establish good credit for the future
Which of the following are Discretionary income
a) car payment b) movie tickets c) student loan d) Rent
What investments are not insured by the FDIC
a) Checking accounts b) Money Market savings/checking accounts c) Bonds, Stocks, Mutual Funds d) All are insured
Which type of financial institution usually pays the highest rate of interest on savings account balances?
a) Savings and loan associations b) Credit unions c) Investment firm money market accounts d) Commercial banks
Who insures your deposits in most Credit Unions and for how much(1 point)
a) FDIC 250,0000 b) Banks c) National Credit Union Share Insurance Fund NCUSIF for 250,000 d) NO one
Are check cashing service a good Idea _____, (1 point) Yes or No
a) NO !!!!!!! b) Yes c) Maybe d) sometimes
When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement from the bank, which action is it appropriate for the person to take first?
a) Deposit sufficient funds to adjust the balance in the checkbook to match the bank's balance. b) Adjust the balance in the checkbook so it is the same as the bank's balance. c) Notify the bank in writing to adjust the statement. d) Determine that checks already written have cleared.
Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question?
a) Some types of checking accounts pay interest b) All checking accounts pay interest c) Checking accounts never pay interest d) Checking accounts pay interest if the account balance does not fall below $300.00
Banks use savings account deposits to:
a) Give loans to consumers and businesses b) Pay for employee special projects c) Make their services and products attractive for new depositors d) Improve the quality of life in low-income communities
Examples of Fixed/Anticipated expenses
a) Electric bill b) Gas c) rent d) flat tire
Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 24221 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register