Understanding Banks and Ethical Banking

What is the main function of a bank?

• To sell groceries

• To keep money safe and provide financial services

• To organise sports events

• To make clothes

Which of the following is an example of a bank card?

• Library card

• Debit card

• Loyalty card

• Oyster card

What does an ethical bank focus on?

• Maximising profits at any cost

• Investing in environmentally and socially responsible projects

• Only serving wealthy customers

• Avoiding all technology

Which of these is NOT a type of bank card?

• Credit card

• Debit card

• Gift card

• Library card

What is the main difference between a debit card and a credit card?

• Debit cards use your own money, credit cards let you borrow money

• Debit cards are only for adults

• Credit cards cannot be used online

• Debit cards are only for shopping

Which of the following is a feature of ethical banks?

• They invest in fossil fuels

• They avoid investing in harmful industries

• They only operate in London

• They charge the highest fees

What is a PIN used for with bank cards?

• To decorate the card

• To unlock the card for transactions

• To check the weather

• To call the bank

Which of these is a reason someone might choose an ethical bank?

• They want their money to support positive causes

• They want to avoid using technology

• They want to pay higher fees

• They want to avoid saving money

What does the term “interest” mean in banking?

• The amount of money you pay for groceries

• The extra money earned or paid for borrowing or saving money

• The number of bank branches in a city

• The colour of your bank card

Which of these is a common service provided by banks?

• Haircuts

• Savings accounts

• Gardening

• Cooking lessons