Chapter 2 - Review questions #1

Chapter 2 - Review questions #1

9th - 12th Grade

27 Qs

quiz-placeholder

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Chapter 2 - Review questions #1

Chapter 2 - Review questions #1

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Krzysztof Halupka

Used 17+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when money is transferred automatically to a persons checking or savings accout.

Savings

Interest

Direct Deposit

Borrowing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of borrowing money from a bank is called _______

Checking

Interest

investing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest rate for every person that wants to borrow money is the same.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest rate for borrowing money is always _______ than the interest rate a person earns in a savings account.

Higher

Lower

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With direct deposits, a person has access to their money faster than if they received a paper check.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Direct deposits are a safe and convenient way to get paid.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Keeping your money in cash at home will allow you to earn interest.

True

False

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