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Money Matters Semester 1 Exam

Money Matters Semester 1 Exam

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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50 questions

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1.

FLASHCARD QUESTION

Front

A social media influencer is someone who …

Back

has many followers who pay attention to their opinions.

2.

FLASHCARD QUESTION

Front

Banks make money by taking in deposits, making _______, and charging _______.

Back

loans, interest

3.

FLASHCARD QUESTION

Front

To take more money out of your account than is available​ is called?

Back

Overdraft

4.

FLASHCARD QUESTION

Front

What agencies insure banks and credit unions?

Back

FDIC and NCUA

5.

FLASHCARD QUESTION

Front

A sum of money borrowed for a certain amount of time is called a....

Back

loan

6.

FLASHCARD QUESTION

Front

When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.

Back

Interest

7.

FLASHCARD QUESTION

Front

How are credit unions and banks different?

Back

Banks are owned by shareholders while credit unions are owned by members.

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