Usborne Money Reading for Beginners - Other Types of Banks

All the commercial banks work the same way.

• True.

• False.

According to the Islamic trandition, why is interest immoral?

Tags

CCSS.RI.5.7

CCSS.RI.6.7

CCSS.RL.4.7

CCSS.RL.5.7

CCSS.RL.6.9

What is one of the ways that the Islamic banks get around charging interest?

Murabaha means the ​ (a)   agree to a ​ (b)   price to buy things with the bank.

• customers
• unchanged
• sellers
• changable
• interest

Tags

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

If a customer is involved in a murabaha with the bank, the bank still makes a profit.

• Yes.

• No.

In a murabaha, does the dept grow bigger over time?

• Yes.

• No.

What are some alternatives that people choose to store and borrow money?

• Crowdfunding

• Peer-to-peer lending

• Credit unions

• All of the above.

People still need to pay and amount as much as bank interest if they borrow money by crowdfunding.

• True.

• False.

Crowdfunding involves presenting one's idea to the public. Who thinks it's a good idea can ... .

• buy the idea

• help pay for it and get a reward after that

• pay for it without getting anything back

• send it to the bank

Tags

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

If you can't raise ​ (a)   money for the project on crowdfunding, you usually have to ​ (b)   ​.​

• enough
• give it all back
• a little bit
• go to a bank

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5