Wyatt CE 12c
Quiz by John Wyatt IV
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9 questions
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- Q1How does a financial institution encourage savings?Provide a safe place for you to keep your moneyPay InterestGive away free prizesAdvertisement30s
- Q2Which of the following is NOT a financial institution?BanksCredit unionsRealty companySavings and loans30s
- Q3How do financial institutions obtain funds to give loans to consumers?Local governments give tax revenues to the financial institutions.The Federal Reserve makes more money for financial institutions to loan.Government agencies loan money to the financial institutions.Customers deposit money into the financial institutions.30s
- Q4How does a financial institution encourage savings?Give away free prizesPay interestProvide a safe place for you to keep your moneyAdvertisement30s
- Q5Which of the following is NOT a financial institution?Credit unionsRealty companySavings and loansBanks30s
- Q6Private financial institutions act as intermediaries between savers and --?businessesborrowerstaxationthe government30s
- Q7Which type of private financial institution is created for members and is non-profit?savings and loancredit unionbankinternet bank30s
- Q8What do financial institutions do with your deposits?put it in their vaultplace it in other banks for safe keepingkeep it in security boxesmake loans30s
- Q9All of the following are financial institutions EXCEPT-credit unionfederal reserve systembanksavings and loan30s