The fee associated with borrowing money.
Banking - Test Review

Quiz
•
Other
•
6th - 8th Grade
•
Medium
Kelly Donilon
Used 8+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Interest
Deposit
Withdraw
Investment
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Money the bank pays to you for letting them "borrow" your money
Loan
Interest
Deposit
Withdraw
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To take money out the bank
Deposit
Loan
Tax
Withdraw
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A medium of exchange that sets a common standard of value.
Currency
Money
Income
Reserve
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An account where you would keep money you use day to day.
Saving
Checking
Investment
ATM
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A debit card is _____________ money.
the bank's money
your money
borrowed money
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A credit card uses money that is owned by ________________.
You
The bank
a loan
interest
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