𝐖𝐡𝐢𝐜𝐡 𝐎𝐟 𝐓𝐡𝐞 𝐅𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐈𝐬 𝐍𝐨𝐭 𝐀 𝐂𝐨𝐦𝐦𝐨𝐧 𝐅𝐞𝐚𝐭𝐮𝐫𝐞 𝐎𝐟 𝐀 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧? - 𝐀𝐧𝐬𝐰𝐞𝐫 & 𝐄𝐱𝐩𝐥𝐚𝐧𝐚𝐭𝐢𝐨𝐧

Hey dear readers, welcome. Here, we are giving you banking basics important questions in interesting quiz format. 

also you can see detailed answers given below. these all questions are very very important to banking basic. here is live Quiz.

EverFi Financial Literacy Chapter 1. Banking Basics

Important Questions

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Quiz Result

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Q. 1 Which Of The Following Is Not A Common Feature Of A Financial Institution?

1. Paper Checks

2. Access To ATM

3. Access To Investment Products

4. Direct Deposit

Answer: 3

Q. 2 Which Of The Following Financial Institutions Typically Have The Highest Fees?

1. Check Cashing & Payday Loan Companies

2. Internet Banks

3. Credit Unions

4. Brick & Mortar Banks

Answer: 1

Q. 3 Which of the following is NOT a common feature of a financial institution?

1. Access to ATMs

2. Investment trading

3. Direct deposit

4. Debit cards

Answer: 2

Q. 4 Which of the following is NOT a common feature of a financial institution?

1. Direct deposit

2. Paper checks

3. Access to investment advice

4. Checking and savings accounts

Answer: 3

Q. 5 Which type of bank account is best for everyday transactions?

1. Checking Account

2. Savings Account

3. Money Market Account

4. Certificate of Deposit

Answer: 1

Financial Literacy Guide PDF 

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