Banking Quiz

 

Select the radio button in front of the correct answers to the questions below.

1. The business dealing with money and credit is

banking health care education

2. The amount of money a bank charges for the privilege of allowing a person to borrow money or the amount of money the bank pays a person for depositing his money for the bank to invest is called

loan mortgage interest

3. The money that a person borrows from a bank or other financial institutions is called a

interest commercial loan

4. The money that a person places in a bank account for the bank to use to invest and that also earns interest is called a

loan deposit mortgage

5. A loan to pay for a home, business or other real estate over a period of time is a

deposit bankruptcy mortgage

6. When a person publicly announces they cannot repay their loans it is called

deposit bankruptcy mortgage

7. Groups of people such as workers who pool their money together for savings and to make loans is called a

labor union credit union state of the union

 

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