Financial Institutions - Saving&Borrowing

Financial Institutions - Saving&Borrowing

1st - 2nd Grade

35 Qs

quiz-placeholder

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Financial Institutions - Saving&Borrowing

Financial Institutions - Saving&Borrowing

Assessment

Quiz

Business

1st - 2nd Grade

Medium

Created by

Lauren McNally

Used 3+ times

FREE Resource

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

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