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Unit 3 Lesson 1 Vocabulary Quiz

Authored by JOEY BOOZER

Life Skills

6th - 8th Grade

Used 10+ times

Unit 3 Lesson 1 Vocabulary Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ___________ helps people complete their money transactions safely, quickly, and conveniently.

debit

interest

financial institution

credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A for profit institution that offers personal loans, mortgages, and other services.

debit

credit union

interest

bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A not for profit cooperative that offers bank services and its owned by its members.

bank

credit union

internet bank

mobile banking

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that provides money related services is called a financial institution.

Ture

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee received or paid for the use of money.

debit

credit

interest

credit union

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A web-only bank is an on-line bank.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A wireless service that allows financial transactions by using an app or web browser.

credit union

mobile banking

online banking

financial institution

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