Chapter 12 Application Question Preview (ID: 40675)


Review. TEACHERS: click here for quick copy question ID numbers.

A standard of value and a means of exchange or payment is
a) currency
b) barter
c) money
d) gold

A medium of exchange is
a) anything involving an intermediary in a trade
b) anything generally accepted as a measure of value and wealth
c) a compromise
d) bartering

A commercial loan is a loan made to businesses to finance the purchase of
a) real estate
b) professional services
c) supplies and equipment
d) commercials

What type of banks are called full-service banks?
a) savings and loan
b) federal banks
c) credit unions
d) commercial

Credit union customers are called
a) customers
b) members
c) clients
d) patients

Savings and loans are financial institutions that
a) offer services similar to commercial banks and credit unions
b) invest mainly in mortgage loans
c) hold customers' funds in interest-bearing accounts
d) all of the above

A financial institution that offers short-tem loans to businesses and consumers at higher rates than banks is a
a) commercial bank
b) finance company
c) credit union
d) brokerage firm

Insurance companies
a) can offer loans to businesses and consumers as well as protection against fire and theft
b) are not-for-profit financial institutions
c) cannot offer loans to businesses and comsumers
d) provide loans for buying homes or businesses

The majority of banks in the United States are
a) credit unions
b) member banks
c) commercial banks
d) saving and loan associations

The primary way for banks to generate a profit is to
a) charge service fees
b) foreclosing on homes
c) repossessing vehicles
d) charge interest when lending money

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 40675 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links