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NGPF Banking

Authored by Wayground Content

Social Studies

12th Grade

EPF covered

Used 24+ times

NGPF Banking
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mobile Banking

Method of banking using your smartphone to conduct transactions rather than using a computer or a physical bank branch
Money taken out of your account
A monthly record of your account transactions provided by your bank electronically or on paper
An individual or household that does not utilize a checking or savings account and instead obtains financial services outside the traditional banking system

Tags

EPF.MCM.2.1

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many banks pay interest on

the money you deposit into your savings account
the money you deposit into your checking account
the money you put in the stock market
banks don't pay interest

Tags

EPF.MCM.2.1

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Union

A member-owned financial co-operative, similar to a bank, except it is created and operated by its members and profits are shared amongst the owners
Money put into your account
A check you wrote and that the bank has already paid
A bank or credit account that is shared between two or more individuals which allows everyone named on the account to access the funds

Tags

EPF.MCM.2.1

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deposit

Money put into your account
Money taken out of your account
A check you wrote and that the bank has already paid
A non-bank business that charges a fee to cash physical checks and provide the check's owner with cash, on-the-spot

Tags

EPF.MCM.2.1

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

simple interest

interest paid on the principal alone
the rate charged for borrowing money usually expressed as a percent of the amount borrowed
The worth of someone's overall assets (Assets - Debt) or (How much a person own's - How much a person owes)
money and other valuables belonging to an individual or business

Tags

EPF.MCM.2.1

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Check Register

A written record that allows you to record checks you have written, ATM/debit card transactions, deposits, and withdrawals
A sum of money deducted from your account
The result of making a withdrawal when there isn't enough money in your checking account to pay for it
An individual or household that does not utilize a checking or savings account and instead obtains financial services outside the traditional banking system

Tags

EPF.MCM.2.1

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Underbanked

An individual or household that has a checking and/or savings account but also obtains financial services outside the traditional banking system
A written record that allows you to record checks you have written, ATM/debit card transactions, deposits, and withdrawals
A monthly record of your account transactions provided by your bank electronically or on paper
Method of banking where all the transactions take place electronically via the internet rather than at a physical bank branch

Tags

EPF.MCM.2.1

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