Practice #2 - Financial Institutions and Currency

Practice #2 - Financial Institutions and Currency

8th Grade

15 Qs

quiz-placeholder

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Practice #2 - Financial Institutions and Currency

Practice #2 - Financial Institutions and Currency

Assessment

Quiz

History

8th Grade

Medium

Created by

Julia Hagemeier

Used 1+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payment made for the use of borrowed money is called

Financial Institution
Creditors
Interest
Secured

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who pays interest on a loan

a lender
 a borrower
a credit union
a creditor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks provide which of the following EXCEPT

debit cards

loans

check writing services

government subsidies

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A credit union...

is a financial institution that focuses on taking deposits and using them to fund mortgages.
is a non-profit institution owned by its members and provides financial services to its members.
offers a broad range of deposit account and gives loans to individuals and businesses. 
is a financial institution for students only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Piece of ownership in a company, mutual fund or other investment

Share/stock

401K

Bond

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Persons or institutions to whom money is owed

Financial Institutions
Interest
Creditors
Collateral

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Money added into a bank account.

withdraw

deposit

cash

cheque

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