WorksheetsMoney
Total questions: 40
Worksheet time: 30mins
You can return money on your credit card at any time without being charged an interest rate
yes
no
To receive your salary you should open
store value card
debit card
credit card
To withdraw or deposit money you should use _____ card
store value
debit
credit
The phone card for recharging your phone balance is an example of ___ card
store value
debit
credit
Borrowers look for the _____ interest rate
lowest
highest
When you open saving account you look for the ____ interest rate
highest
lowest
CD confirms that you have
checking account
saving account
Saving account is an example of
near money
transaction money
To keep valuable things in the bank you should open
saving account
safe box
checking account
____ help you receive many bank services 24/7
ATM
numerous bank branches
This serves as a guarantee that you can return the loan
mortgage
credit
collateral
Government secures your deposits through
collateral
insurance
bonus
Fed ------- (select all correct answers)
provides loans to banks
regulates money supply
collection of 12 banks
provides mortgages
They have no profit motivation
credit unions
S&Ls
commercial banks
Modern type of money
representative
fiat
commodity
Online purchases on websites are examples of electronic banking.
yes
no
Main problem of barter is to find someone who is willing to exchange on what you need.
yes
no
Durability is _____ property
physical
economical
Scarcity is _____ property
physical
economical
Ability to carry easily
portability
acceptability
I can buy with CDs and stocks
yes
no
Checking accounts are
M1
M2
CDs are
M1
M2
For the one who is addicted to shopping _____ card is safer
debit
credit
Your money is stored on
debit card
credit card
Specializes only on mortgages and auto loans
S&L
credit unions
commercial banks
Specializes only on mortgages
S&L
credit unions
commercial banks
a business loan can be taken only in
S&L
credit union
commercial bank
This kind of service is provided only by a commercial bank
saving accounts
checking accounts
loans
credit cards
The idea that a bank can lend only part of its money to guarantee stability
fractioning
portioning
The central bank works only with the government and banks
yes
no
What does the bank do with the money in your account?
stores
invests
The goal of any bank is
to help people
gain profit
credit unions
are cooperatives
require membership
offer automobile and mortgage loans
offer the lowest interest rate for loans
work to gain profit
If you took a mortgage and can't pay
the bank will take your house
the bank will take your car
Who owns a car when you took an auto loan?
you
bank until you pay back
Credit card is a part of M1
yes
no
The money on your credit card belongs to
you
bank
When you change your card
the number of your bank account changes
the card number changes, but account number stays the same
If you need to deposit money, you need to tell
cvc
card number
bank account
