Banking

Banking

9th - 12th Grade

17 Qs

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Banking

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Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Medium

Created by

Christina Evans

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accepts deposits and makes loans and derives a profit from the difference in the interest rates paid and charged, respectively.

Bank

Store

FDIC

Interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of bank where depositors become members/owners of the bank.

Key Bank

Board of Directors

Credit Union

Savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate at which a bank charges borrowers for borrowing money.

Loan

Interest Rate

NCUA

Checking Account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way in which interest is calculated. For example, the interest may be recalculated monthly.

Compound interest

Simple interest

Endorsement

Savings Account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Charges the bank imposes on borrowers for certain services such as ATM access.

Interest

Loan

Withdrawal

Bank fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks make money on these types of products

FDIC

Withdrawals

Loans

Deposits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Term that means the federal government insures your money in your bank account.

Credit

FDIC

Interest

CD

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