💰🏦 Economics Money and Banks

💰🏦 Economics Money and Banks

6th Grade

•

10 Qs

quiz-placeholder

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💰🏦 Economics Money and Banks

💰🏦 Economics Money and Banks

Assessment

Quiz

•

Social Studies

•

6th Grade

•

Medium

Created by

rob wallis

Used 25+ times

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10 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

 The difference between how much money you have and how much you owe is called

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Money lent to people by a bank to make a large purchase is a

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Ways banks make money

Interest on loans

fees on accounts

rental for safe deposit boxes

bartering with customers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit cards are used by spending money that you don't actually own.

true

false

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Not making payments on a loan may cause the bank to ____________ on your property.

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which are examples of interest moving between banks and customers.

the pays a small amount to your savings account

the bank gives a customer a large sum of money for a house free of charge

a customer pays a small amount of money to payback a loan

a person works for a bank as a teller

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Ways to prevent counterfeit bills from being produced

color shifting ink

watermarks

security cameras

ultraviolet ink

microprinting

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