
Banking Quiz
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Kewenda Mckinnis
Used 16+ times
FREE Resource
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is a bank?
a retail shop that primarily sells food
a financial institution, which is a fancy way of
saying a business that stores and manages money for
individuals and other businesses.
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rate
a financial institution that facilitates the buying and selling of house and buildings
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
what is interest?
Afee paid to give away someone else's money
Afee paid to invest someone else's money
A fee paid to use someone else's money
Afee paid to save someone else's money
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Maria paid her bill with a plastic card with a Visa logo that is tied
directly to her checking account. What is she using?
atm card
credit card
debit card
check
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Ryan purchases a sandwich, he is using money as:
a medium of exchange
a unit of measure
a store of value
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
This financial institution can only be accessed using a computer
or smart device. What type of institution is this?
credit union
commercial bank
online bank
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What type of card allows you to withdraw money you have in your bank account?
Credit Card
Debit Card
Bank Card
ID Card
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
With a minimum balance checking account, you
can only write one check a month.
you have to keep a certain balance or there are fees.
is great for high school students.
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