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WorksheetsSession 1 _ Banking quiz
Total questions: 5
Worksheet time: 3mins
Name
Class
Date
1.
1. When someone puts money into an account with a bank, this is called a ____
a)
Fee
b)
Deposit
c)
Donation
d)
Loan
2.
A _____ is when a person decides to take some or all of their money out of their bank account
a)
Reduction
b)
Credit
c)
Withdrawal
d)
Closing
3.
1. When a bank loans money to a person or a business, they charge a small fee to make money. What is this fee called?
a)
Interest
b)
Savings
c)
Credit
d)
Cash flow
4.
We should keep our savings with banks because ____
a)
It is safe
b)
Earns interest
c)
Can be withdrawn anytime
d)
All of the above
5.
The safest place for keeping money is ____
a)
A pit dug in the ground
b)
An iron box
c)
Bank
d)
Money lender
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