
Banking Quiz
Authored by Fiorella Ida buonanno
Social Studies
9th Grade
Used 1+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of a bank?
To keep money safe for customers
To sell insurance
To invest in stocks
To provide financial advice
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of bank offers services to businesses and governments?
Retail Banks
Central Banks
Commercial Banks
Building Societies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a central bank responsible for?
Managing the monetary policy of a country
Lending money to individuals
Offering credit cards
Providing mortgages
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest?
A type of savings account
A penalty for overdrawing
A charge for borrowing money
A fee for using a debit card
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an overdraft?
A method of transferring money
A savings account feature
An agreement to spend more than the account balance
A type of loan for buying a house
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes a Direct Debit from a standing order?
Direct Debits require prior notice of amounts
Standing orders are set up by the bank
Standing orders can change amounts
Direct Debits are always the same amount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sort code?
A type of bank account
A 6-digit number identifying a bank
A method of transferring funds
A type of loan
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