
Ramsey Test
Quiz
•
Social Studies
•
10th Grade
•
Practice Problem
•
Medium
Josue Ayala
Used 8+ times
FREE Resource
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23 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
A financial institution licensed to receive deposits and provide financial services
Insurance Agency
Banks
Financial Agency
Financial Initiator
2.
OPEN ENDED QUESTION
3 mins • 5 pts
What are 2 reasons that people don't trust banks?
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
What are the three types of banking options?
Retail Banks, Corporate Banks, Investment Banks
Savings Banks, Commercial Banks, Investment Banks
Retail Banks, Online Banking, Credit Unions
Community Banks, National Bank, Cooperative Banks
4.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
What two types of accounts do banks offer?
Checking Accounts and Savings Accounts
Individual Retirement Accounts (IRAs) and Certificate Of Deposit (CD) Accounts
Money Market Accounts and Joint Accounts
Student Accounts and Business Accounts
5.
OPEN ENDED QUESTION
3 mins • 5 pts
What is a direct deposit?
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6.
OPEN ENDED QUESTION
3 mins • 5 pts
What is insurance?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
What is a policy?
It's a set of rules that people have to follow while driving. If they are not following a policy they can be fined.
A term used in finance to describe the process of redistributing wealth within a society through taxation and government spending.
A numerical value representing the total assets of a company, calculated by subtracting its liabilities from its assets.
It spells out all the details of what the insurance will and will not cover.
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