Day 4 Money Tree
Quiz
•
English
•
7th Grade
•
Practice Problem
•
Medium
Nguyen Chi
Used 1+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of banking?
Safety
Interest
Convenience
All three
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you open a term-deposit account, which tenor offers the highest interest rate?
1 month
12 months
6 months
9 months
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a bank make profit?
Lend money to borrowers and earn interest
Pay interest to savers
Lend money to savers and earn interest
Lend money to borrowers and pay interest to savers
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
There are ...... types of bank accounts.
2
3
4
5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account has a higher interest rate?
Checking account
Savings account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account requires a higher deposit?
Term deposit account
Certificate of deposit
7.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Which account has ATM access?
Checking account
Savings account
Term deposit account
Certificate of deposit
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