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High School Banking

Authored by John Robinson

Social Studies

12th Grade

High School Banking
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a bank?

To store money for individuals and businesses

To provide free financial advice

To regulate the stock market

To print currency

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a common service provided by banks to high school students?

Student savings accounts

Mortgage loans

Business investment services

Stock trading accounts

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is interest in the context of banking?

A fee paid for borrowing money

A type of bank account

A financial penalty

A government tax

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of account is typically used for everyday transactions?

Checking account

Savings account

Retirement account

Investment account

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a budget?

A plan for managing income and expenses

A type of bank loan

A government financial report

A stock market strategy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is it important for high school students to learn about banking?

To manage personal finances effectively

To become bank managers

To avoid paying taxes

To learn how to print money

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a debit card?

A card that deducts money directly from a checking account

A card that provides a loan from the bank

A card used for international travel

A card that earns interest

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