Banking Math and Terminology Quiz

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Banking Math and Terminology: a General level Bank Exam Prep quiz. Test your knowledge with 11 questions!
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Questions

Question 1
What is the original amount of money deposited into an account called?
A Interest
B Balance
C Principal
D Dividend
Question 2
What is the fee paid for borrowing money?
A Principal
B Interest
C Equity
D Deposit
Question 3
What is interest earned on both the principal and previously earned interest?
A Compound interest
B Simple interest
C Flat interest
D Variable interest
Question 4
Which of these earns interest only on the original principal?
A Simple interest
B Dividends
C Compound interest
D Equity
Question 5
If you borrow $100 at 5% simple interest for one year, how much interest do you pay?
A $10
B $5
C $1
D $50

📋 This quiz has 11 questions in total.

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