Financial Institutions, 2026 – Lecture Notes and Study Material
Match the terms to their definition. - ANS✔✔ bank - a business and financial institution; a safe
place to keep your money
credit union - a nonprofit financial institution formed by a large corporation or organization for
their employees and members
financial institution - a public or private organization that collects and invests money and offers
financial services
savings and loan - a financial institution that specializes in home loans
A financial institution always keeps all of your money in the vault. - ANS✔✔ False
The main types of financial institutions are _____. - ANS✔✔ savings and loans
banks
credit unions
A financial institution formed by a large corporation for their employees or members is a _____.
- ANS✔✔ credit union
When selecting a financial institution that is the best for you, you should consider _____. -
ANS✔✔ services offered
locations of banks and ATMs
minimum balance
fees
Jen heard that the bank where she kept her money was going to close for good. Jen said she
wasn't worried. Select the most likely reason that Jen wasn't worried. - ANS✔✔ She knew that
her money was insured by the FDIC.
Match the terms to their definition. - ANS✔✔ bank - a business and financial institution; a safe
place to keep your money
credit union - a nonprofit financial institution formed by a large corporation or organization for
their employees and members
financial institution - a public or private organization that collects and invests money and offers
financial services
savings and loan - a financial institution that specializes in home loans
A financial institution always keeps all of your money in the vault. - ANS✔✔ False
The main types of financial institutions are _____. - ANS✔✔ savings and loans
banks
credit unions
A financial institution formed by a large corporation for their employees or members is a _____.
- ANS✔✔ credit union
When selecting a financial institution that is the best for you, you should consider _____. -
ANS✔✔ services offered
locations of banks and ATMs
minimum balance
fees
Jen heard that the bank where she kept her money was going to close for good. Jen said she
wasn't worried. Select the most likely reason that Jen wasn't worried. - ANS✔✔ She knew that
her money was insured by the FDIC.
