3.1 Money and Banking

What is money of another country known as?

• insurance

• refund

• bargain

• foreign currency

What is an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years?

• mortgage

• overdraft

• share

• refund

What do you call a special machine through which you can do bank transactions?

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Checkout

What do you call an arrangement in which you pay money each year to get financial help if anything bad happens to you such as an illness or accident?

• insurance

• refund

• mortgage

• share

What do you call the equal parts into which the ownership of a company is divided?

• Mortgage

• Refund

• Overdraft

• Share

What do you call the kind of bank that provides services for customers and businesses and that is used by most ordinary people?

• Investment bank

• Merchant bank

• Commercial bank

• Central bank

A bank that provides banking services for businesses (choose two).

• Merchant bank

• Commercial bank

• Investment bank

• Central bank

What do you call the coins and paper bills used as money in a society?

• Prices

• Currency

• Bond

• Checks

What is a mortgage used to purchase?

• Car

• Real Estate

• College Tuition

• Business Expenses

What do you call a small plastic card that you use to buy goods or services?

• Debit card

• Credit card

• Cash card