East High School
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21st Century Skills - Financial Literacy
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Quick Knowledge Check - Module 3
Name (Last, First)
*
1. Credit unions started in____, during the banking crisis.
*
1932
1933
1934
1935
2. Credit unions are ____?
*
for profit and member owned
not for proft and member owned
for profit and member owned
for profit and not member owned
3. The Federal Reserve is made up which 3 parts?
*
Board of Governors, 12 regional Banks and the FOMC
Board of Governors, 10 regional Banks and the DOMC
Board of Senators, 10 Regional Banks and the POMC
Board of Senators, 12 Regional Banks and the TOMC
4. Payday lenders usually offer the lowest interest rates on loans.
*
True
False
5. FDIC Insure stands for ____, and protects the money in your savings account.
*
Federal Deposit Insurance Company
Federal Deposit Insurance Corporation
Federal Department of Insurance Coporation
Federal Department of Insurance Company
6. _____ refers to how easily and quickly your assets. like your money, can be moved.
*
Interest Rates
Diversification
FOMC
Liquidity
Submit