Banking Vocabulary
7 months ago
ellie.giles
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  • Question 1
    30 seconds
    Q.

    A bank is...

    answer choices

    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.

  • Question 2
    30 seconds
    Q.

    A sum of money borrowed for a certain amount of time is called a....

    answer choices

    loan

    down payment

    interest

    borrow

  • Question 3
    30 seconds
    Q.

    A profit is...

    answer choices

    money earned

    money spent

    money borrowed

    money lent

  • Question 4
    30 seconds
    Q.

    Putting money into the bank is called a...

    answer choices

    deposit

    loan

    interest

    withdrawal

  • Question 5
    30 seconds
    Q.

    Taking money out of an account is called a...

    answer choices

    deposit

    loan

    interest

    withdrawal

  • Question 6
    30 seconds
    Q.

    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.

    answer choices

    Interest

    Inflation

    Balance

    Loan addend

  • Question 7
    30 seconds
    Q.

    A transaction is...

    answer choices

    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

  • Question 8
    30 seconds
    Q.

    The amount of money in your account is called the...

    answer choices

    balance

    final amount

    barter

    dividend

  • Question 9
    30 seconds
    Q.

    Money in __________ is money that is available for use.

    answer choices

    Circulation

    Withdrawal

    Process

    Loans

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