💰🏦 Economics Money and Banks
Quiz
•
Social Studies
•
6th Grade
•
Medium
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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