Untitled Quiz

1. What is a bank?

• 1. A store that sells books

• 1. A place where people save and borrow money

1. What is a loan?

• A type of food

• Money that banks lend to people

1. What does a bank do with the money people deposit?

• Keeps it safe

• Gives it to charity

What is a locker?

• A safe place in the bank to keep valuables

• A type of phone

What is a deposit?

• Money that is put into a bank account

• Money that is taken out of a bank account

What do you mean by the word ‘withdraw’?

• To put money into a bank account

   

• To take money out of a bank account

I am a machine that allows you to withdraw money.

• An Automated Telephone Machine - ATM

• Automated Teller Machine - ATM

Can a bank lend money to people who want to buy a house?

• Yes

• No

Can a bank lend money to people who want to buy a car?

• Yes

• No

Can a bank lend money to people who want to buy toys?

• Yes

• No