Banking 101

Banking 101

6th Grade

10 Qs

quiz-placeholder

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Banking 101

Banking 101

Assessment

Quiz

Computers

6th Grade

Practice Problem

Medium

Created by

Jeff Bricker

Used 11+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

All of the following are ways Banks make money EXCEPT

Interest charged on loans

Fees on products and services

Investments made by the bank

Donations made by citizens

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Banks enable point of purchase transactions through products like debit cards.

True

False

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When you borrow money from a bank to purchase a new car, you get paid interest from the bank.

True

False

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The FDIC helps make banking safer by

Supervising and prosecuting corrupt bankers

Promising a minimum amount of interest earned on savings accounts

Insuring deposits up to $250,000 against bank failure

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Banking is a purely American institutions (i.e. people in other countries don't use banks).

True

False

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When you make a deposit into a savings account at a bank, you usually get paid interest.

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Banking is something you only need to do once you've made a lot of money.

True

False

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