What is the primary concept introduced at the beginning of the video?

Banking Concepts and Transactions

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Mia Campbell
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Building a bank with gold
Depositing gold in a vault
Using non-physical gold as a unit of exchange
Using physical gold as currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Citizen A do with his 500 gold pieces?
Keeps them at home
Exchanges them for silver
Deposits them in the bank
Buys a house
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the bank handle Citizen A's deposit?
Keeps all in cash
Splits between cash and checking account
Invests in stocks
Converts to silver
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main similarity between Citizen A and Citizen B's transactions?
Both split their deposit between cash and checking
Both invest in real estate
Both receive all cash
Both deposit the same amount
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the advantage of using banknotes for transactions?
They are harder to forge
They are heavier than gold
They are easier to carry and exchange
They are more valuable than gold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the apple transaction, what is exchanged between A and B?
Silver coins
Banknotes and an apple
Gold coins
A check
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of using checks for large transactions?
They eliminate the need for physical cash
They are anonymous
They are faster than banknotes
They are less secure
Create a free account and access millions of resources
Similar Resources on Wayground
6 questions
Disney Reopens Shopping Complex: Disney Springs

Interactive video
•
9th - 10th Grade
6 questions
Bank of England to introduce plastic bank notes in 2016

Interactive video
•
9th - 10th Grade
11 questions
Functions and Characteristics of Money

Interactive video
•
9th - 10th Grade
6 questions
VOICED : Short changed Zimbabwean shoppers turn to mobile banking

Interactive video
•
9th - 10th Grade
8 questions
Bank Reconciliation and Check Registers

Interactive video
•
9th - 10th Grade
6 questions
Swiss feel health effects of 'dirty money'

Interactive video
•
9th - 10th Grade
8 questions
CLEAN : Notre-Dame renovation workshops set to open to public

Interactive video
•
9th - 10th Grade
11 questions
Characteristics and Historical Forms of Money

Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade