11 Questions
Which government agency insures a single fund account for up to $250,000?
Federal Deposit Insurance Corporation (FDIC)
What is one benefit of keeping money in a bank?
Easy access to funds
How can you make money with your money through banking?
By depositing funds into an account
Which of the following is a benefit of having a checking account?
You can track your purchases
What is one common way to get a free checking account?
Having your paycheck directly deposited into the account
Which of the following fees may a bank charge for using an ATM owned by a different bank?
ATM fees
What is a prepaid card not tied to?
A bank account
Which of the following is NOT one of the key aspects of electronic banking mentioned in the text?
Mobile banking
What is one advantage of direct depositing mentioned in the text?
Enables you to pay recurring bills easily
What can you do with mobile banking according to the text?
All of the above
Is mobile banking secure according to the text?
Yes, it is one of the most secure ways to pay and transfer money
Test your knowledge on financial institution basics and learn about the benefits of banking, including the security of keeping your money in cash and the convenience of shared funds.
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