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Financial Quiz #1

True/False
Indicate whether the sentence or statement is true or false.
 

 1. 

The United States is divided into 10 Federal Reserve districts, with a central Federal Reserve Bank in each district.
 

Numeric Response
 

 2. 

If the bank where you keep your money is a member of the FDIC, your money is protected up to how much? (in your answer, do NOT use commas or dollar signs; just numbers)  __________________

 

Completion
Complete each sentence or statement.
 

 3. 

The abbreviation ‘S&L’ refers to what in the banking industry?
Type your answer in the following format capitalizing appropriately:
_________ _____ _________
 

 

 4. 

All federal banks must be part of what federal regulatory organization? (your answer is an acronym and should be in all CAPS).

______________
 

 

Matching
 
 
Match the following financial institutions to their respective definitions:
a.
Savings and Loan
e.
Commercial Bank
b.
Savings Bank
f.
FED Bank
c.
Federal Bank
g.
Trust Company
d.
Credit Union
h.
Consumer Finance Company
 

 5. 

generally deal in or with checking and savings accounts, real estate, trust funds, all types of loans and investments
 

 6. 

mainly organized to deal with savings accounts and make loans to home buyers
 

 7. 

banks that specialize in the managing people’s money and property for them
 

 8. 

specialize in savings accounts and making loans for mortgages
 

 9. 

a type of bank that is formed by workers in the same firm, government agency, labor union, or other agency
 

 10. 

specialize in making loans for durable goods, such as cars, refrigerators, etc. and for financial emergencies; do not accept savings as do banks and other financial institutions
 



 
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