Banks
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Hard
+5
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the act of putting money aside on your paycheck for future use called?
Paying someone first
Paying yourself first
Paying someone second
Paying yourself second
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a savings certificate with a fixed maturity date and specified fixed interest rate?
Credit
Savings Tools
Certificate of Deposit
Money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will happen if you withdraw a CD before maturity?
You pay a penalty
You get payed dividends
Your stocks get sold
You lose your insurance
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which institutions charge the highest interest rates on loans?
Pawn shops
Payday lenders
Schools
Finance companies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a non profit financial cooperative owned by its members that provides credit and other financial services?
Schools
Credit Unions
Banks
Insurance
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is an advantage of a credit union?
lower fees
higher fees
lower rates
higher rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the line that credit that banks offer to their customers to cover their overdrafts.
Underdraft
Overcharging
Overdraft
Well being
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