WorksheetsBanks
Total questions: 10
Worksheet time: 5mins
What is a bank?
where people save and borrow money
A store that sells books
A place where people save and borrow money
What is the importance of a bank?
To offer a service for people who wish to save, protect and transfer money.
To provide entertainment
What is the purpose a saving account?
to save money for the future
to borrow money
What is a deposit?
Money that is put into a bank account.
Money that is taken out of a bank.
What is a loan?
Money that a bank lends to people to buy a car a house.
Money that a bank takes from people.
What is online banking?
A type of bank that pays your medical bill.
A service that allows you to pay online for buying goods and services.
Can people transfer money from one bank account to another?
Yes
No
. ...................... card allows you to purchase using money from your bank account.
Debit card
Credit card
. .............….…… card allows you to purchase items now and pay later.
Debit card
Credit card
What is the full form of ATM?
Anytime money
Automated Teller Machine
