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Financial Literacy: Session 4 Quiz

Authored by Sheen Gupta

Life Skills

6th - 11th Grade

Used 1+ times

Financial Literacy: Session 4 Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should you make deposits in a bank

It ensures that the deposits are safe

It inculcates habits of saving

You get interest on the deposits

All of the above

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are services of banks?

Consultancy services

Help in getting passports

Provision of loans

Foreign currency exchange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is used to withdraw cash or make deposits?

Debit card

Credit card

ATM

Pin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone puts money into an account with a bank, this is called a...

Deposit

Donation

Fee

Loan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following has a limit on the number of withdrawals you can make each month?

Checking account

Savings account

Both

Neither

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a bank loans money to a person or a business, they charge a small fee to make money. What is this fee called?

Savings

Interest

Credit

Cash flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money in your bank account is called?

Deposit

Interest

Dollars

Balance

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