Financial Institutions (Junior Cert Business Studies): Quizzes

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Financial Institutions
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What is a financial institution?

An org providing money-related services

Which of these is NOT a main type of financial institution in Ireland?

Insurance companies

Who owns a credit union?

The members who use its services

What must you have to join a credit union?

A common bond with other members

How much does one share in a credit union typically equal?

€1

What type of organisation is a credit union?

Not-for-profit organisation

What do credit union members receive based on performance?

Annual dividends

What type of body is An Post?

State-sponsored body

How many post offices does An Post operate nationwide?

Over 1,100

Why is An Post particularly valuable in rural areas?

Banks may have closed there

What do building societies specialise in?

Mortgage loans and savings services

Which is the only building society still operating in Ireland?

EBS

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