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10th Grade
•13 Qs
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Banks
Quiz
•
Business
•
10th Grade
•
Medium
Katie Gallacher
Used 13+ times
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you withdraw cash from your account it will be shown as a...
Credit
Debit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overdraft is...
Long term loan for large amounts of money
Short term loan for small amounts of money
Short term loan for large amounts of money
Long term loan for small amounts of money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bank will charge you a daily charge on your overdraft balance. True or false?
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks store money and lend money. True or false?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Borrowers pay interest on their loans. True or false?
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savers earn interest. True or false?
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Building society’s work like banks but they share their profits with the account holders. True or false?
True
False
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