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Unit 2: Spending Test Review

Authored by Aimee Kuhn

Business

8th Grade

Used 24+ times

Unit 2: Spending Test Review
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32 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a depository institution?

A business that offers and sells financial services to people

A commercial property used to advertise real estate

A retail store

A building that leases out office space

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of taking money out of an account. 

Deposit

Withdrawal

Overdraft

Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sum of money placed or kept in a bank account. (putting money into an account).

Deposit

Withdrawal

Credit

Overdraft

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

__________ is relating to money or currency. 

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A _______ is a financial institution that receives deposits, makes loans, honors checks drawn on those deposits, and pays interest. 

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If you have a higher withdrawal than the money in your bank account, it will cause an ___________ in your account, This is where the bank ends up having to cover the difference, but then they will charge you a hefty fee. 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An account at a financial institution that allows for withdrawals and deposits. Great for paying bills and keeping track of spending. 

Savings Account

Checking Account

Credit Card Account

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