Banking

Banking

Professional Development

10 Qs

quiz-placeholder

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Banking

Banking

Assessment

Quiz

English

Professional Development

Practice Problem

Medium

Created by

Nadiia Ladna

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I want to _______________ some money from my savings account, where can I do that?

a) lend

b) withdraw

c) inherit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you give money to someone, you are said to _______________ it.

a) take out a loan

b) borrow

c) lend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _______________ is the amount of money charged for borrowing or earning money through investments.

a) waste

b) interest rate

c) taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you want to buy a house, you might need to _______________ to afford it.

a) take out insurance

b) take mortgage

c) take out mortgage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the official rate at which one currency can be exchanged for another?

a) inherit

b) exchange rate

c) interest rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you want to protect your property, you should _______________.

a) pay my water bill

b) get a loan

c) take out insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the act of moving money from one bank account to another?

a) exchange

b) transfer

c) lend

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