Saving Stratgies
Authored by Wendy Bustillos
Financial Education
12th Grade
Used 3+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Who owns a credit union and who owns a bank?
Credit union: Member owned, Bank: Shareholder owned
Credit union: Shareholder owned, Bank: Member owned
Credit union: For Profit, Bank: Not-For-Profit
Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Which one is not-for-profit and which one is for profit?
Credit union: Not-For-Profit, Bank: For Profit
Credit union: For Profit, Bank: Not-For-Profit
Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service
Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Who must qualify for membership and who can be a customer?
Credit union: Must qualify for Membership, Bank: Anyone Can Be a Customer
Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership
Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA
Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Which provides personalized member service and which provides cookie-cutter customer service?
Credit union: Personalized Member Service, Bank: Cookie-Cutter Customer Service
Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service
Credit union: For Profit, Bank: Not-For-Profit
Credit union: Member owned, Bank: Shareholder owned
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Whose decisions are made with members in mind and whose with stockholders in mind?
Credit union: Decisions Made With Members In Mind, Bank: Decisions Made With Stockholders In Mind
Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind
Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA
Credit union: For Profit, Bank: Not-For-Profit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the difference between a credit union and a bank? Fill in the blank: Deposits in a credit union are insured by ________, while deposits in a bank are insured by ________.
Deposits in a credit union are insured by NCUA, while deposits in a bank are insured by FDIC.
Deposits in a credit union are insured by FDIC, while deposits in a bank are insured by NCUA.
Deposits in a credit union are insured by SIPC, while deposits in a bank are insured by FDIC.
Deposits in a credit union are insured by SEC, while deposits in a bank are insured by SIPC.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Both banks and credit unions offer ________ accounts. (Fill in the blank)
Savings/checking
Loan
Credit card
Mortgage
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