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Banqer High Wrap Up Quiz

Authored by Clare Devlin

Geography

10th Grade

18 Questions

Used 2+ times

Banqer High Wrap Up Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest?

When the bank takes money

The price paid for borrowing money

When you really like something

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false, all banks have the same interest rate

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you need to be aware of when getting a credit card?

Interest rates

What your friends have

That you can now shop online

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might high limits on credit cards be an issue?

They aren’t an issue

Higher limit means lower rewards

People might spend more than they can repay before interest rates apply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false, when you sign up to a bank you automatically get a credit card.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mortgage?

A loan that you use to buy a house

A loan attached to your credit card

What you sign when you start renting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a landlord NOT responsible for?

Repairing broken pipes

Taking out the rubbish

Fixing the leaking roof

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