Banking and Financial Systems

Banking and Financial Systems

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Meaghan Rivera

Used 46+ times

FREE Resource

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30 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The process of determining standards and procedures for dealing with judgmental

decisions affecting other people is called:

mission

standards

ethics

courtesy

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

_______ is the act of opening accounts at two or more institutions and using the "float

time" of available funds to crate fraudulent balances.

Counterfeiting

Reconciliation

Check kiting

Forgery

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount an original deposit will be worth in the future based on its earning a

specific interest rate over a specific period of time is referred to as:

future value

present value

current value

time value

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which one of the following is not a typical duty of a bank teller?

balance the cash drawer daily

prepare currency and coin for retail customers

sell savings bonds

manage large sums of money placed in trust with the bank according to clients’

wishes

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is one type of deduction that employers are required to take from an employee’s

paycheck?

social security

estate tax

sales tax

discretionary tax

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Individuals who you financially support in your household are:

dependents

heirs

tax shelters

exemptions

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are you typically required to fill out first before you can rent an apartment?

credit application

homeowner application

sales application

rental application

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