Functions Of The Bank Quiz

4 Questions

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Bank Quizzes & Trivia

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Questions and Answers
  • 1. 
    What is interest?
    • A. 

      How much a person likes a bank.

    • B. 

      The money a person puts in the bank.

    • C. 

      The amount of money a person owes or earns for depositing money into a bank.

    • D. 

      The amount of money a person borrows from the bank

  • 2. 
    Sharon borrows $20.00 from the bank. The interest is 5% per year. How much money will she owe the bank at the end of the year?
    • A. 

      $21.00

    • B. 

      $30.00

    • C. 

      $25.00

    • D. 

      $20.50

  • 3. 
    If Dan deposits money in the bank, he is called a ________________.
    • A. 

      Borrower

    • B. 

      Depositor

    • C. 

      Loaner

    • D. 

      Banker

  • 4. 
    Which of the following is a reason why the banks began to fail during the Great Depression?
    • A. 

      Ther was too much money but not enough businesses

    • B. 

      There were so many businesses that people didn't need to use the bank.

    • C. 

      The banks used the borrowers money to fund businesses and couldn't repay the borrowers.

    • D. 

      None of the above