Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Business - Ch 12 Money And Banking
Test Description: Review for test
Instructions: Answer all questions to get your test result.
1) Money has always been either paper or coin
A
true
B
blueberry pancakes
C
breakfast burrito
D
false
2) money should be both a standard of value and a store of value
A
firecracker chicken pasta
B
true
C
false
D
five cheese pasta
3) money should be a way to measure the weight, amount, size, or value of something. this means that money is a
A
medium of exchange
B
standard of value
C
store of value
4) money has to hold its value over time, or can be stored or saved. this means money is a
A
store of value
B
medium of exchange
C
standard of value
5) money has to be generally accepted as a measure of value and wealth. This means money is a
A
store of value
B
medium of exchange
C
standard of value
6) giant concrete blocks cannot be money because they are not
A
portable
B
stable
C
durable
7) you need pennies, nickels, dimes, 20's and 50's because money must be
A
durable
B
scarce
C
accepted
D
divisible
8) which of the following couldn't be counted as money because of it's durability?
A
coin
B
parrot feathers
C
tomatoes
D
gold
9) a firm that manages money
A
financial institution
B
credit
C
deposit
D
bank account
10) what are the main types of financial institutions?
A
banks
B
mortgage companies
C
credit unions
D
investment banks
11) a record of the amount of money a customer has withdrawn or deposited
A
deposit
B
financial institution
C
bank account
D
withdrawal
12) which of the following stores money in the short term?
A
mortgage
B
ira
C
savings account
D
checking account
13) in which of the following do you have to pay interest
A
savings account
B
mortage
C
cd
D
checking account
14) what is money paid at a certain rate to customers for keeping their money at the bank? Also it could be money you pay the bank to use their money
A
premium
B
interest
C
principal
D
withdrawal
15) which of the following is an electronic way that money is transferred?
A
check
B
cash withdrawal
C
deposit
D
eft
16) what is the primary way banks generate profits?
A
checking accounts
B
late fees
C
overdraft fees
D
loans
17) property or goods pledged by a borrower to use as security against a loan if it is not repaid
A
usury
B
collateral
C
promisory note
18) what is co-signing?
A
trig term
B
loaning with interest
C
becoming responsible for the loans of others
D
getting a loan
19) The Bible encourages saving and lending, but not borrowing
A
false
B
true
C
hummus and pita
D
sweet and sour chicken
20) if you get a 30 yr loan for 120,000 @ 5% interest. How much interest will you pay over the life of the loan?
A
@69,000
B
@ 7200
C
@ 112,000
D
@39,000
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?