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Social studies Exam....jss2

Authored by Esther Adesunloye

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8th Grade

20 Questions

Used 5+ times

Social studies Exam....jss2
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the art of keeping money for future use called?

Saving

Investing

Donating

Spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the solutions proposed for the problems of keeping money in the bank?

Using traditional ways of saving money

Improved Education

Bankers being impatient

Customers losing money if banks fold up

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is one of the problems of keeping money in the bank mentioned in the text?

Bankers being humble and patient

Losing money through forgery and fraud

Improved Education

Customers losing money if banks fold up

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is the advantage of keeping money in the bank?

Too many delays in banking transactions

Risk of money being stolen by robbers

Losing money through forgery and fraud

Making money available during emergencies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some traditional ways of saving money?

Co-operative society

Saving money in boxes

Buying stocks/shares

Saving in the banks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can setting a savings goal help you?

A. When there is nothing you want or need.

B. When you need to save money long-term

C. When you want to buy something expensive.

Both B and C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of these is not a way of communicating?

internet
driving your car
watching the news
writing a letter

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