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Professional Development

30 Qs

quiz-placeholder

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SIMPLE AND COMPOUND INTEREST

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Tann

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Assessment

Quiz

Mathematics

Professional Development

Practice Problem

Easy

CCSS
7.RP.A.3, RI.9-10.7, RI.9-10.4

+13

Standards-aligned

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alternative Financial Services: Payday loans, non-bank check cashing, pawn shops, etc.

Pin

AFS

CDs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Annual Percentage Rate: Represents the rate of interest you are being paid on your savings over a year's time.

APR:

ATM

APY

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Annual Percentage Yield: can be the same as APR unless the interest on your savings is applied more frequently than annually, such as every month. (See compound interest).

APY:

ARP

ATm

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Automated teller machine

ARP

PIN

ATM

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you have in a bank account..

Balance

CDS

Brick, and mortar

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brick-And-Mortar: A physical customer service location, or "branch", of a bank.

Brick and mortar

CDS

Balance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A method of savings offered by banks that comes with a fixed term (6 months to five years) and a fixed interest rate. The money cannot be withdrawn during the term of the CD unless penalties are paid to the bank.

• Certificate of Deposit (CDs)

Blance

ATM

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