Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Chapter 12 Application
Test Description: Review
Instructions: Answer all questions to get your test result.
1) A standard of value and a means of exchange or payment is
A
barter
B
money
C
gold
D
currency
2) A medium of exchange is
A
anything involving an intermediary in a trade
B
bartering
C
anything generally accepted as a measure of value and wealth
D
a compromise
3) A commercial loan is a loan made to businesses to finance the purchase of
A
commercials
B
real estate
C
supplies and equipment
D
professional services
4) What type of banks are called full-service banks?
A
savings and loan
B
federal banks
C
commercial
D
credit unions
5) Credit union customers are called
A
customers
B
members
C
clients
D
patients
6) Savings and loans are financial institutions that
A
offer services similar to commercial banks and credit unions
B
hold customers' funds in interest-bearing accounts
C
all of the above
D
invest mainly in mortgage loans
7) A financial institution that offers short-tem loans to businesses and consumers at higher rates than banks is a
A
brokerage firm
B
finance company
C
commercial bank
D
credit union
8) Insurance companies
A
can offer loans to businesses and consumers as well as protection against fire and theft
B
cannot offer loans to businesses and comsumers
C
are not-for-profit financial institutions
D
provide loans for buying homes or businesses
9) The majority of banks in the United States are
A
credit unions
B
saving and loan associations
C
member banks
D
commercial banks
10) The primary way for banks to generate a profit is to
A
foreclosing on homes
B
repossessing vehicles
C
charge interest when lending money
D
charge service fees
*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?