3.1 Money and Banking
an hour ago
deanhoss
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19 QuestionsShow answers
  • Question 1
    10 seconds
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    Q.

    What is money of another country known as?

    answer choices

    insurance

    refund

    bargain

    foreign currency

  • Question 2
    20 seconds
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    Q.

    What is an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years?

    answer choices

    mortgage

    overdraft

    share

    refund

  • Question 3
    20 seconds
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    Q.

    What do you call a special machine through which you can do bank transactions?

    answer choices

    Cash dispenser

    Automated Teller Machine

    Cashpoint

    Checkout

  • Question 4
    20 seconds
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    Q.

    What do you call an arrangement in which you pay money each year to get financial help if anything bad happens to you such as an illness or accident?

    answer choices

    insurance

    refund

    mortgage

    share

  • Question 5
    20 seconds
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    Q.

    What do you call the equal parts into which the ownership of a company is divided?

    answer choices

    Mortgage

    Refund

    Overdraft

    Share

  • Question 6
    30 seconds
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    Q.

    What do you call the kind of bank that provides services for customers and businesses and that is used by most ordinary people?

    answer choices

    Investment bank

    Merchant bank

    Commercial bank

    Central bank

  • Question 7
    30 seconds
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    Q.

    A bank that provides banking services for businesses (choose two).

    answer choices

    Merchant bank

    Commercial bank

    Investment bank

    Central bank

  • Question 8
    20 seconds
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    Q.

    What do you call the coins and paper bills used as money in a society?

    answer choices

    Prices

    Currency

    Bond

    Checks

  • Question 9
    30 seconds
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    Q.

    What is a mortgage used to purchase?

    answer choices

    Car

    Real Estate

    College Tuition

    Business Expenses

  • Question 10
    30 seconds
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    Q.

    What do you call a small plastic card that you use to buy goods or services?

    answer choices

    Debit card

    Credit card

    Cash card

  • Question 11
    30 seconds
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    Q.

    What do we call a method of communicating with your bank using a computer?

    answer choices

    telephone banking

    commercial banking

    personal banking

    computer banking

  • Question 12
    30 seconds
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    Q.

    What is a special plastic card that you can use to pay for things directly from your bank account called?

    answer choices

    Credit card

    Cash card

    Debit card

  • Question 13
    30 seconds
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    Q.

    A bank account that you can take money out of at any time is known as a...

    answer choices

    Current account

    Deposit account

    Savings account

    Overdraft

  • Question 14
    30 seconds
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    Q.

    A bank account that pays interest on condition that you keep money there for a particular length of time is known as...

    answer choices

    Current account

    Deposit account

    Personal account

  • Question 15
    30 seconds
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    Q.

    What is the amount of money you owe to the bank when you have taken out more money than you had in your bank account called?

    answer choices

    Loan

    Mortgage

    Debt

    Overdraft

  • Question 16
    30 seconds
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    Q.

    What do you call a piece of paper that shows that goods or services have been paid for?

    answer choices

    receipt

    recipe

    bill

    account

  • Question 17
    30 seconds
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    Q.

    What do you call the money that you get back when you have paid for something giving more money than the amount it costs?

    answer choices

    refund

    change

    receipt

    share

  • Question 18
    30 seconds
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    Q.

    what is a thing bought for less than the usual price known as...

    answer choices

    profit

    discount

    fortune

    bargain

  • Question 19
    30 seconds
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    Q.

    What is the money that you make in business or by selling things, especially after paying the costs involved known as?

    answer choices

    bargain

    discount

    profit

    fortune

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