Ramsey Test

Ramsey Test

10th Grade

23 Qs

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Ramsey Test

Ramsey Test

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

Josue Ayala

Used 8+ times

FREE Resource

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23 questions

Show all answers

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?

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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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