BANKING TEST REVIEW

BANKING TEST REVIEW

9th - 12th Grade

10 Qs

quiz-placeholder

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BANKING TEST REVIEW

BANKING TEST REVIEW

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Adam Brown

Used 5+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

DEFINE SAVINGS ACCOUNT

An account where you keep money to earn interest

Allows you to do your banking online 24 hours a day and 7 days a week without a live person

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

DEFINE CHECKING ACCOUNT

The money that you earn on your money in the bank or the fee you pay to borrow money

An account where you spend your money using a check or a debit card

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

DEFINE DEBIT CARD

A card used to make purchases and then money comes from your checking account as soon as you use it.

An account where you keep money to earn interest

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

DEFINE ATM

Allows you to do your banking online 24 hours a day and 7 days a week without a live person

The money that you earn on your money in the bank or the fee you pay to borrow money

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

DEFINE INTEREST

An account where you spend your money using a check or a debit card

The money that you earn on your money in the bank or the fee you pay to borrow money

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

  1. What type of banking institution is owned by shareholders?

Credit Union

Commercial Bank

Savings and Loan

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following options can’t be done using online banking using your phone?

Pay a Bill

Get Cash

Deposit a Check

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