Banking operations

Banking operations

Professional Development

20 Qs

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Banking operations

Banking operations

Assessment

Quiz

Education

Professional Development

Practice Problem

Medium

CCSS
6.NS.C.7C, 7.EE.B.3, RI.11-12.3

+6

Standards-aligned

Created by

Sanjana Kabadi

Used 35+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which bank enjoys monopoly power of Note issue?

NABARD

Commercial Bank

Central Bank

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Overdraw
Deposit
Withdraw
Balance

Tags

CCSS.6.NS.C.7C

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the amount of money required to be stay in an account?

Maximum Balance
Minimum Balance
Minimum Deposit
Maximum Deposit

Tags

CCSS.7.EE.B.3

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You should keep your pin number in your wallet.

True
False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the name of a legal document that functions like cash?

Check
ATM
Deposit slip
PIN

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do financial institutions make most of their money?

Fees
Interest
Mutual Funds
Loan Payments

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

interest, payments
loans, interest
payments, loans
debt, loans

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