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Banking and Finance Quiz

Quiz by Nadir Ahmad

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50 questions
Show answers
  • Q1
    money deposited with a financial institution for investment and/or safekeeping.
    Account
    30s
  • Q2
    money and other valuables belonging to an individual or business
    Assets
    30s
  • Q3
    Acronym for Automatic Teller Machine
    ATM
    30s
  • Q4
    An outstanding amount of money.
    Balance
    30s
  • Q5
    An establishment for lending, issuing, borrowing, exchanging, and safeguarding money.
    Bank
    30s
  • Q6
    An IOU issued by a corporation, the U.S. government, or a city and held by the lender as receipt that the business or institution has borrowed by a specific amount of money.
    Bond
    30s
  • Q7
    A check that a bank has refused to cash or pay because there are no funds to cover it in the account.
    Bounced Check
    30s
  • Q8
    A "used" check that has been paid and subtracted from the check-writer's account.
    Canceled Check
    30s
  • Q9
    A stock of accumulated wealth used or available for producing more wealth.
    Capital
    30s
  • Q10
    Money in the form of paper and coins.
    Cash
    30s
  • Q11
    A check issued by a bank, drawn on its own funds rather than on one of its depositors.
    Cashier's Check
    30s
  • Q12
    A savings account in which an individual promises to deposit the money for a set period of time, for which the bank typically pays higher interest than a regular savings account.
    Certificate of Deposit
    30s
  • Q13
    A plastic card that gives access to a line of credit and the user is expected to repay their balance in full every month.
    Charge Card
    30s
  • Q14
    Any written document instructing a bank to pay money from the writer's account.
    Check
    30s
  • Q15
    An account for which the holder can write checks.
    Checking Account
    30s

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