wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Business Finance

Total questions: 61

Worksheet time: 32mins

Name
Class
Date
1.

It accepts deposits from individuals and organizations that have excess funds and provide loans to those who are in need. This financial institution is called _______.

a)

investment banks

b)

commercial banks

c)

credit unions

d)

insurance companies

2.

One of the financial institutions that operates by collecting premiums from clients is called ____________ .

a)

brokerage

b)

credit union

c)

investment banks

d)

insurance companies

3.

If you hear the word "finance", what comes into your mind?

a)

bank

b)

treasurer

c)

money

d)

ATM

4.

It is the allocation of scarce resources according to an economist's perspective is called ________.

a)

Division of profits and losses

b)

Arbitrary ratio

c)

Finance

d)

asset allocation

5.

An amount of money that is paid back within an agreed amount of time, with interest

a)

Bank loan

b)

Angel investment

c)

Overdraft

d)

Retained profit

6.

A short-term source of finance from a bank that usually is only used in an emergency/when needed

a)

Overdraft

b)

Loan

c)

Share capital

d)

Credit card

7.

It implies the efficient handling of available resources.

a)

Management

b)

Allocation

c)

Utilization

8.

Select ALL the institutions that are part of the formal financial sector

a)

Commercial Banks

b)

Money Lender

c)

Sou Sou

d)

Credit Union

9.

Select ALL the institutions that are NOT part of the formal financial sector

a)

Commercial Banks

b)

Money Lender

c)

Sou Sou

d)

Credit Union

10.

Which institutions regulates the financial sector?

a)

The Ministry of Finance

b)

The Security and Exchange Commission

c)

The Central Bank

d)

The Banker's Union

11.
What does internal mean?
a)
A source from within the business
b)
A source from outside the business
12.
What does external mean?
a)
A source from within the business
b)
A source from outside the business
13.
What is an advantage of a bank loan?
a)
There will be little or no interest
b)
You can pay in smaller installments
c)
They are quick and easy to arrange
d)
You don't have to pay it back
14.

What is a non profit financial cooperative owned by its members that provides credit and other financial services?

a)

Schools

b)

Credit Unions

c)

Banks

d)

Insurance

15.

What is an advantage of a credit union?

a)

lower fees

b)

higher fees

c)

lower rates

d)

higher rates

16.

What is a financial institution that accepts deposits and channels the money into lending activities?

a)

Credit

b)

Commercial Banks

c)

Credit Unions

d)

Insurance

17.

Put money into a bank account.

a)

withdraw

b)

deposit

18.

Who works in a bank?

a)

teacher

b)

teller

19.

Take money out from your bank account.

a)

withdraw

b)

deposit

20.

What is it?

a)

debit card

b)

check

21.

What is it?

a)

ATM

b)

car

22.

Visa, American Express, Mastercard - What are they?

a)

Money

b)

credit cards

23.

Where they keep the money.

a)

school

b)

safe

24.

What is it?

a)

bank receipt

b)

paper

25.

What are they?

a)

toys

b)

coins

26.

I took out a -------------- to buy a house last year.

a)

money

b)

mortgage

c)

loan

27.

I would like to open a bank ----------- , please.What can I do?

a)

account

b)

calculate

c)

transfer

28.

I'd like to change some money.What's today's ------- ?

a)

rate

b)

exchange rate

c)

interest rate

29.
Which one of the following are financial institutions?
a)
bank and credit union
b)
library and hospital
c)
school and museum
d)
Starbucks and Wal-Mart
30.
Which services is a bank likely to offer?
a)
net deposit and balance
b)
online banking and savings accounts
c)
check writing and car wash
d)
credit card and Tootsie Rolls
31.
Credit cards and debit cards are essentially the same thing.
a)
True
b)
False
32.
The longer the money is saved, the better
a)
True
b)
False
33.

What do we call a fee that is collected for using someone's money?

a)

Deposit

b)

Interest

c)

Loan

d)

Check

34.

An amount of money offered by a bank to a borrower at a defined interest rate for a fixed period.

a)

Bank account

b)

Bank savings

c)

Bank loan

d)

Bank Deposits

35.

A form of financing that allows the current account holders to overdraw the account up to a specified limit.

a)

Bank Loan

b)

Bank Deposit

c)

Bank Account

d)

Bank overdraft

36.
Which is NOT a function of commercial bank?
a)
Providing financial and tax planning advice
b)
Print money
c)
Providing insurance
d)
Exchanging foreign currencies
37.

A central bank usually performs which combination of the following functions...(select 2)

a)

It issue notes and coins for the nations currency and is where the Police officers or soldiers holds their money

b)

It manages the nation's gold reserves and manages payments to and from the government

c)

It prints money for the banks to store until people withdraw it and issues the notes and coins

d)

It issue notes and coins for the nations currency and is the lender of last resort to the banking system

38.

Which bank enjoys monopoly power of Note issue?

a)

NABARD

b)

Commercial Bank

c)

Central Bank

39.

how many central banks are in Jamaica

a)

1

b)

2

c)

3

d)

4

40.

Who license Commercial Banks ?

a)

government

b)

Central Banks

c)

they don't need license

d)

they bring their own

41.

Loans for buying cars are called ....

a)

commercial loans

b)

personal loans

c)

auto loans

d)

loan application

42.

Who own the Central Bank

a)

the Prime Minister

b)

Government

c)

Private Business Owner

d)

Opposition Leader

43.

Th name of Jamaica's Central Bank is

a)

Central Bank of Jamaica

b)

National Commercial Bank

c)

Bank of Jamaica

d)

First Caribbean Central Bank

44.

Banks control the money supply by

a)

restricting the amount of money in circulation

b)

lending

c)

borrowing

d)

printing more money

45.

The Central Bank can print money whenever they want.

a)

TRUE

b)

FALSE

46.

If Wal-Mart wanted to build a new store, which bank would they most likely go to get a loan.

a)

Commercial bank

b)

Retail bank

c)

Central bank

d)

Loan company

47.

Which of the following is not an example of a depository institution?

a)

Commercial bank

b)

Savings and Loan

c)

Credit Union

d)

Loan Company

48.

Which of the following is not a function of a bank?

a)

Safeguard

b)

Create

c)

Exchange

d)

Lend

49.

Business Finance means the funds and credit employed in the business. Finance is the foundation of a business.

a)

True

b)

False

50.

Businesses needs finance to purchase assets, goods, raw materials and for the other flow of economic activities.

a)

True

b)

False

51.
Who pays interest on a loan
a)
a lender
b)
 a borrower
c)
a credit union
d)
a creditor
52.
A credit union...
a)
is a financial institution that focuses on taking deposits and using them to fund mortgages.
b)
is a non-profit institution owned by its members and provides financial services to its members.
c)
offers a broad range of deposit account and gives loans to individuals and businesses. 
d)
is a financial institution for students only
53.

Piece of ownership in a company, mutual fund or other investment

a)

Share/stock

b)

401K

c)

Bond

54.
Persons or institutions to whom money is owed
a)
Financial Institutions
b)
Interest
c)
Creditors
d)
Collateral
55.

Commercial banks earn money in all of the following ways EXCEPT:

a)

Investing in other companies

b)

Charging fees for their services

c)

Collecting interest on loans

d)

Taking a percentage off of all deposits

56.

Who owns a credit union?

a)

its members

b)

investment bankers

c)

the government

d)

commercial banks

57.

Which financial institution is owned by its members?

a)

financial service company

b)

savings and loan association

c)

commercial bank

d)

credit union

58.

Which two features does a basic savings account have?

a)

allows money

transfers

b)

offers a higher

interest rate

c)

allows ATM

withdrawals

d)

has a maturity date

59.

the number a bank gives to an individual account

a)

phone number

b)

account number

c)

routing number

60.
Something of value that can be claimed by a lender if a loan is not repaid
a)
Property
b)
Creditor
c)
Collateral
d)
Interest
61.

What do banks do? (select all that apply)

a)

accept deposits

b)

loans money

c)

give you free money

Similar Resources on Wayground

Principles of Management

65 questions

Principles of Management

quiz

Worksheet

•

12th Grade

révisions bac MCV B

60 questions

révisions bac MCV B

quiz

Worksheet

•

12th Grade

GDP and Economic Indicators Worksheet

64 questions

GDP and Economic Indicators Worksheet

quiz

Worksheet

•

9th Grade - University

INTERNATIONAL TRADES FINAL

65 questions

INTERNATIONAL TRADES FINAL

quiz

Worksheet

•

12th Grade

Y11 BS Term 1 Assessment

60 questions

Y11 BS Term 1 Assessment

quiz

Worksheet

•

10th - 11th Grade

Ch- 1 Nature and Significance of Management

60 questions

Ch- 1 Nature and Significance of Management

quiz

Worksheet

•

12th Grade

ESB Domain 3: Production & Distribution & Domain 4 Financials

60 questions

ESB Domain 3: Production & Distribution & Domain 4 Financials

quiz

Worksheet

•

9th - 12th Grade

Law of Supply and Demand

56 questions

Law of Supply and Demand

quiz

Worksheet

•

10th - 12th Grade