Section 3 Study Questions On Choosing A Bank

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Section 3 Study Questions (6.0 points) Lesson 1 (3.0 points) 1. What is cash? (0.5 points) Cash is money that is in a form of coins or paper bills 2. What is a bank balance? (0.5 points) A bank balance is the amount of money you have in a bank account. 3. Name at least two things to consider when choosing a bank. (1.0 points) Trust is one main key to choosing a bank, making sure they are well know and have been established for a well within your community. Protection risk is another, Making sure they have policies that deal directly which the risk of banking. 4. Name at least two risks banks face. (1.0 points) A bank or a bank panic and bad investments are two risks a bank faces. Lesson 2 (3.0 points) 1. List the three main

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