Business & Banking Concepts - Theme 4 Exam

Business & Banking Concepts - Theme 4 Exam

8th Grade

42 Qs

quiz-placeholder

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Business & Banking Concepts - Theme 4 Exam

Business & Banking Concepts - Theme 4 Exam

Assessment

Quiz

Business

8th Grade

Hard

Created by

Melissa M Storm

Used 4+ times

FREE Resource

42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor that affects how money grows?

Amount of money left on deposit

Interest rate

Length of time money is left on deposit

The name of the financial institution where the money is left on deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An interest bearing account that can be opened with a small amount of money:

Savings account

Money Market Deposit Account

Certificate of deposit

US Savings Bond

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a financial intermediary?

Sole proprietorship

Credit Union

Corporation

Partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is expressed as a percentage?

Interest

Interest Rate

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following is the equation to calculate interest?

I=P*R

I=P/R

I=P/R/T

I=P*R*T

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is the equation relating profit, expenses, and revenue?

A=P(1+RxT)

P - E = R

R - E = P

P + E = R

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If supply is high, demand is:

High

Low

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