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Banking EPF quiz

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

What is the international banking system referred to?

a)

An enigma

b)

A simple system

2.

True or false: There are less than 29,000 banks in the world.

a)

True

b)

False

3.

What is one way a bank can make money?

a)

Loan Interest

b)

Debit Cards

c)

Run on deposits

d)

Loan Sharks

4.

What was banking meant to fix?

a)

Too many currencies

b)

Too much money

c)

High taxes

d)

Monopolies

5.
  •  a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.

a)

Credit Union

b)

Bank

c)

ATM

6.

accounts that exist solely within your organization and that are used to transfer funds between business units.

a)

Internal Banking

b)

Banking

c)

Credit account

d)

Debit Account

7.

sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events.

a)

Loans

b)

Credit

c)

Debt

8.

means by which societies or governments organize and distribute available resources.

a)

Economic System

b)

Banking System

c)

Tax system

d)

Money

9.

a legal status that usually lasts for a year and can be a way to clear debts you can't pay.



(a)  

10.

provides financial services for corporate and institutional customers, such as investing and raising capital and arranging mergers and acquisitions.

(a)  

11.

moneylender who charges extremely high rates of interest, typically under illegal conditions.

a)

Loan Shark

b)

Credit cards

c)

Banks

d)

Credit Unions