Quizalize logo
placeholder image to represent content

Ch. 14 - Banking

Quiz by Timothy Jenson

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
30 questions
Show answers
  • Q1
    Money in a checking account is called a demand deposit.
    False
    True
    60s
  • Q2
    A prepaid phone card is an example of a debit card.
    False
    True
    60s
  • Q3
    A savings & loan association is a financial institution that is owned by its members.
    True
    False
    60s
  • Q4
    A finance company specializes in savings accounts and mortgage loans.
    False
    True
    60s
  • Q5
    Pawnshops will offer payday loans with high finance charges to desperate borrowers.
    True
    False
    60s
  • Q6
    A stop-payment order is a request that a bank or other financial institution not cash a particular check.
    True
    False
    60s
  • Q7
    You can write checks from a money-market account.
    True
    False
    60s
  • Q8
    According to the Truth in Savings Law, financial institutions have to guarantee you a minimum interest rate on your deposits.
    False
    True
    60s
  • Q9
    Overdraft protection is an automatic loan made to an account if the balance will not cover the checks written.
    False
    True
    60s
  • Q10
    A restrictive endorsement allows you to transfer a check to an organization or another person.
    True
    False
    60s
  • Q11
    Which of the following financial services is best suited for saving money over a period of years?
    Certificate of deposit
    Demand deposit
    Checking account
    Mortgage loan
    60s
  • Q12
    Credit cards allow you to ____.
    Spend only the amount in your account
    Protect your checks from thieves
    Transfer money between accounts online
    Borrow money for a short term
    60s
  • Q13
    Problematic financial businesses include each of the following EXCEPT ____.
    Savings and loan associations
    Rent-to-own centers
    Pawnshops
    Check cashing outlets
    60s
  • Q14
    The Federal Deposit Insurance Corporation insures depositors against losing their money in the case of a ____.
    Lost debit card
    Bank failure
    Stolen paycheck
    Death in the family
    60s
  • Q15
    Compared with commercial banks, credit unions generally offer ____.
    Fewer financial services
    Lower fees and loan rates
    Higher interest rates on loans
    Higher interest on savings
    60s

Teachers give this quiz to your class