Financial Institutions Trivia Newell

Characteristics of private financial institutions include all the following EXCEPT- a) Mint money for loans b) Include banks and savings and loans c) Receive deposits and make loans d) Encourage savings and investing

Private financial institutions provide the link between- A) Stocks and the Securities and Exchange Commission B) bank executives and the Federal Reserve System C) savers and borrowers D) taxes and refunds

Name 4 items you can invest money in.

One way the government is involved in banking is that it- A) issues loans to national banks B) insures money deposited C) Provides bank with cash reserves D) makes banks illegal

Financial institutions, such as banks and credit unions, have several functions including all of the following except _____________. A) encouraging savings by paying interest B) taking deposits and giving loans C) encouraging investing in stocks and bonds and cds D) charging no fees for services

Name the 4 types of private financial institutions.

Financial institutions encourage savings and investing by providing- a) Checking accounts b) Stocks and bonds c) Interest on deposits d) Loans to consumers

Where do banks get the money to loan to customers?