1) Commercial banks are insured by who? a) FBI b) NCUA c) FDIC d) FICC 2) How are Credit Unions different from Commercial banks ? a) They are insured differently. b) They do not offer basic services. c) Customers can only access their accounts online. d) Customers must have something in common to be a member. 3) Sarah is looking to save money to purchase a new computer which account would work best? a) Money market account b) Checking account c) Savings account d) Certificate of deposit 4) The least important part of a check. a) The memo line b) The pay-to-the-order-of line c) The date line d) The signature line 5) When a payment or paycheck is automatically wired to your checking account. a) ATM b) Direct Deposit c) Credit Card d) Debit Card 6) Use this when figuring out how long it will take your investment to double: a) Rule of 72 b) Rule of 62 c) Rule of 75 d) Rule of 65

Banking

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