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Banking - Test Review

Authored by Kelly Donilon

Other

6th - 8th Grade

Used 8+ times

Banking - Test Review
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14 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The fee associated with borrowing money.

Interest

Deposit

Withdraw

Investment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money the bank pays to you for letting them "borrow" your money

Loan

Interest

Deposit

Withdraw

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To take money out the bank

Deposit

Loan

Tax

Withdraw

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A medium of exchange that sets a common standard of value.

Currency

Money

Income

Reserve

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An account where you would keep money you use day to day.

Saving

Checking

Investment

ATM

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A debit card is _____________ money.

the bank's money

your money

borrowed money

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A credit card uses money that is owned by ________________.

You

The bank

a loan

interest

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