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Questions and Answers
Which of the following is NOT a type of bank account?
Which of the following is NOT a type of bank account?
- Investment account
- Credit account (correct)
- Checking account
- Savings account
What is the purpose of a routing number?
What is the purpose of a routing number?
- To verify account ownership
- To calculate interest
- To track transactions
- To identify the bank branch (correct)
What does FDIC stand for?
What does FDIC stand for?
- Federal Department of Investment and Credit
- Federal Deposit Insurance Corporation (correct)
- Financial Disclosure and Investment Control
- Financial Data and Information Center
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