Financial Literacy - Final Quiz - GJ
Authored by Gary (1319)
Mathematics
6th - 8th Grade
Used 13+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of financial institution provides services for individuals?
Retail bank
Commercial bank
Credit union
Insurance company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of financial institution provides services for businesses?
Retail bank
Commercial bank
Credit union
Insurance company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is meant for day-to-day banking?
Chequing account
Savings account
Loan
Debit/Credit cards
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is meant to encourage you to save your money?
Chequing account
Savings account
Loan
Debit/Credit cards
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of financial institution is owned and controlled by its members?
Retail bank
Commercial bank
Credit union
Insurance company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of insurance?
To provide and manage money transactions
To lend money to individuals
To transfer the risk of losses to another company
To offer generally higher rates in savings accounts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fee associated with financial institutions?
An amount charged for account set-up and maintenance activities, and minor transactions
A promise to pay money if something bad happens
An amount of money lent to individuals
A payment method
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