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- 1. Multiple Choice
A bank is...
a business that keep money for customers and makes loans.
a company that uses your money for bartering.
an organization that holds money and other valuable assets.
a business that borrows money from you.
- 2. Multiple Choice
A sum of money borrowed for a certain amount of time is called a....
loan
down payment
interest
borrow
- 3. Multiple Choice
A profit is...
money earned
money spent
money borrowed
money lent
- 4. Multiple Choice
Putting money into the bank is called a...
deposit
loan
interest
withdrawal
- 5. Multiple Choice
Taking money out of an account is called a...
deposit
loan
interest
withdrawal
- 6. Multiple Choice
When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.
Interest
Inflation
Balance
Loan addend
- 7. Multiple Choice
A transaction is...
any business done at the bank
when you take money out of an account
when you transfer money from one person to another
when you put money into an acount
- 8. Multiple Choice
The amount of money in your account is called the...
balance
final amount
barter
dividend
- 9. Multiple Choice
Money in __________ is money that is available for use.
Circulation
Withdrawal
Process
Loans
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