EMS test 5

EMS test 5

8th Grade

21 Qs

quiz-placeholder

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EMS test 5

EMS test 5

Assessment

Quiz

Geography

8th Grade

Practice Problem

Medium

Created by

chelsea ropa

Used 3+ times

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21 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Commercial Bank

Retail

Allow people to open bank accounts, issue cards

Keep money safe and lend out money to people and businesses

Is a simple charity to benefit few people

Make people want to work more, makes more money and gives freely to those who work or don't

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

History of commercial bank

Goldsmith is a craftsmen who created jewelry

Merchains would also leave valuables for the gold

People would trade with other object (bartering)

People would have a lot of family and keep it with strangers

Stones and children to trade

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Central banks

Making coins, printing money

Setting interest rate

Decides who and who earns no money even though they work

Lending money and government assists commercial banks

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

SARB

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Invest/save money

Emergencies

Holiday

Goals(educations)

Retirement

Wealth building

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Savings Account

Add or take out money

You will rewarded with interest, interest low retuen

Safe way to save money (low risk)

Safe way on Investing your money

Add money anytime but not take out any time

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Fixed Account

Add or take out money

You will rewarded with interest, interest low retuen

Safe way to save money (low risk)

Safe way on Investing your money

Add money anytime but not take out any time

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