Black-owned banks and businesses Quiz

Kick off Black History Month with this quiz all about Black-owned banks and businesses.

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* 1. When did the first Black-owned bank open?

1955

1888

1799

None of the above

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* 2. Which of the following Fortune 500 companies recently pledged to move $100 million of its assets to a Black-owned bank?

General Motors

Netflix

Apple

Verizon

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* 3. What is the largest Black-owned bank in the United States?

Citizens Trust Bank

OneUnited Bank

Liberty Bank

Commonwealth National Bank

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* 4. How many Black-owned banks are there in the United States (not including credit unions)?

113

209

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* 5. Which of the following is not one of the top three industries in which Black business owners operate?

Administrative support and waste-management

Healthcare and social assistance

Professional, scientific, and technical services

Retail trade

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* 6. What percentage of Black Americans start a business?

20%

12%

45%

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* 7. True or false: there are more female Black-owned businesses than female-owned businesses in the general population.

True

False

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* 8. True or false: there are fewer Black millennial business owners than millennial business owners in the general population.

True

False

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* 9. Which generation has the largest number of Black business owners?

Generation X

Millennials

Baby Boomers

There is an equal mix

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* 10. Which state has the most Black-owned businesses?

Michigan

Georgia

New York

Florida