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Understanding Banks

Understanding Banks

Assessment

Interactive Video

Business

3rd - 5th Grade

Practice Problem

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the primary functions of a bank?

To build houses

To sell toys

To provide free money

To keep money safe and lend it

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for the extra money paid back to the bank when a loan is repaid?

Bonus

Tax

Interest

Fee

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank is described as 'invisible' and accessible through the internet?

Online Bank

Investment Bank

Credit Union

Retail Bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do banks primarily earn money?

Through donations

By printing money

By selling products

Through interest and fees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to learn about banks and money management?

To win a lottery

To avoid using money

To achieve personal dreams and goals

To become a bank manager

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