Essential Banking Finance Basics Quiz

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Essential Banking Finance Basics: a General level Bank Exam Prep quiz. Test your knowledge with 15 questions!
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Questions

Question 1
What is the original amount of money deposited called?
A Balance
B Principal
C Dividend
D Interest
Question 2
What is the fee paid for borrowing money called?
A Investment
B Interest
C Profit
D Tax
Question 3
Which grows faster: simple interest or compound interest?
A They are the same
B Simple interest
C Neither
D Compound interest
Question 4
If you deposit $100 at 5% simple interest for 1 year, what is the interest?
A $10
B $5
C $1
D $50
Question 5
What happens to the principal in compound interest?
A It decreases
B It disappears
C It stays the same
D It earns interest on interest

📋 This quiz has 15 questions in total.

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