Financial Institutions and Banking Answers
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Some savings accounts help depositors earn money. Where does this money come from?
A
from the federal government agency known as the FDICB
from the interest that borrowers pay to a bank for a loanC
from the central banking system, which is called the FedD
from other depositors’ money kept in the bank’s vault2
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How does the Federal Deposit Insurance Company (FDIC) protect bank customers?
A
If customers can’t pay their bills, the FDIC provides them with short-term loans.B
If customers lose their credit cards, the FDIC supplies them with replacements.C
If a bank has a financial crisis, the FDIC safeguards its customers’ accounts.D
If a bank can’t supply checkbooks, the FDIC can send them to customers.3
What is the money supply of the United States?
A
the total amount of money in the US economyB
the sum of all deposits being held by US banksC
the profits made by banks from the interest payment on loansD
the total amount of money deposited within the central bank4
Parva is excited about buying her first home. She needs a loan of $100,000, and visits four different banks to see what kind of interest rate she can get. Parva makes a chart of the interest rate each bank offers.
A
First BankB
Cactus BankC
Tall Mountain BankD
Water Road BankDid you find these answers helpful?
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