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Financial Education

Authored by Camila Andrea Forero Hernandez

English

Professional Development

CCSS covered

Used 2+ times

Financial Education
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A loan is

a sum of money provided to an individual or organization in a single payment.

a sum of money borrowed that is expected to be paid back with interest.

an investment opportunity where individuals can invest their money and expect a return.

a form of financial assistance where the borrower receives money or assets without the obligation to repay it

2.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

A (a)   account is a type of bank account designed for individuals to securely deposit and store their money

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a current account?

is specifically designed for buying and selling securities such as stocks, bonds, or mutual funds

is a form of borrowing that allows individuals to make purchases on credit

a type of bank account that is designed for frequent and everyday banking transactions. I

is typically used for long-term savings and earning interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of withdraw?

means to add money to a credit card balance

means to transfer funds between different bank accounts

means to deposit money into a bank account

means to take out or remove funds or items from a bank account, financial institution

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Mortgage: A mortgage is a loan provided by a financial institution, typically a bank, used to finance the purchase of a property, where the property itself serves as collateral for the loan.

This definition is correct

This definition is incorrect

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An automatic payment service is a money transfer scheduled on a predetermined date to pay a recurring

bill.

This definition is correct

This definition is incorrect

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a fee?

A fee is a tax imposed by the government on income or goods

is a payment or charge for a specific service, product, or privilege provided by a person, organization, or institution

A fee is a penalty imposed for breaking a law or rule

A fee is a reward given for exceptional performance or achievement

Tags

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

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