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Money Basics

Last updated about 2 years ago

4 questions

25 points

25

Question 1

1.

What is a Bank?

A financial institution licences to take money and make loans

A store that prints money

A business that buys goods and services and re-sells them to customers

25 points

25

Question 2

2.

What is a savings account?

An account used to hold money that earns interest over time

A business account used to pay bills

A scam

25 points

25

Question 3

3.

What is a checking account?

A money account used to make deposits and withdrawals

A business acccount used to buy homes

An account used to hold money that earns interest over time

Required

25 points

25

Question 4

4.

What is a Credit Card?

A savings account on a financial institution that saves money now so you can use it later

An account that saves you money

A service that allows you to pay for things

A plastic card issued by a financial institution that allows you to buy now and pay later