Saving Money in the bank
Authored by Meg Dapper
Social Studies
8th Grade
Used 6+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason why people save money?
To travel the world
To buy expensive items
To protect it from loss
To donate to charity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some traditional ways of saving money?
Co-operative society
Saving money in boxes
Buying stocks/shares
Saving in the banks
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is the advantage of keeping money in the bank?
Too many delays in banking transactions
Risk of money being stolen by robbers
Losing money through forgery and fraud
Making money available during emergencies
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is one of the problems of keeping money in the bank mentioned in the text?
Bankers being humble and patient
Losing money through forgery and fraud
Improved Education
Customers losing money if banks fold up
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the solutions proposed for the problems of keeping money in the bank?
Using traditional ways of saving money
Improved Education
Bankers being impatient
Customers losing money if banks fold up
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the art of keeping money for future use called?
Saving
Investing
Donating
Spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the reasons for saving money?
To keep it in the bank
To spend it all
To avoid wastages
To waste it
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