
Banking
Quiz
•
Business
•
6th - 8th Grade
•
Practice Problem
•
Hard
Caheem Broadus
Used 9+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John has misplaced his debit card, but needs to mail a payment for an electricity bill. What other form of payment can he use?
Debit Card
ATM Card
Check
Credit Card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is digital currency that does not have a physical form?
Cryptocurrency
Coinage
Currency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Ryan is purchasing a sandwhich, he is using money as:
A store of value
A medium of exchange
Unit of Measure
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A financial intermediary is an entity that act as (an) ------------------- between to parties in a financial transaction.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
30 sec • 1 pt
What is interest?
A fee paid giveaway to someone else's money
A fee paid to invest someone else's money
A fee paid to save someone else's money
A fee paid to use someone else's money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is used regularly and handles day-to-day transactions?
Savings
Line of credit
Money Market
Checking
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