Financial Institutions - Saving&Borrowing
Authored by Lauren McNally
Business
1st - 2nd Grade
Used 3+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial institution is an organisation that offers money related services to customers.
TRUE
FALSE
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are commercial banks
BANK OF IRELAND
Allied IRISH BANK (AIB)
POST OFFICE
ULSTER BANK
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ____________ ____________ is used for day-to-day transactions with no interest earned on money.
Deposit account
Current account
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are NOT required when opening a current account?
Proof of address
Mobile number
Proof of identity
Proof of online shopping purchases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The letters 'ATM' stand for
Automatic task machine
Automated teller mobile
Automated teller machine
Automatic task mobile
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An overdraft allows an account holder to withdraw more money from a deposit account than what is in the account
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overdraft facility is a form of borrowing
True
False
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
