🎯 FreeQuizzesFor

Mastering Basic Banking Terms Quiz

Created by: FreeQuizzesFor

Go Back

14 Questions

0 Plays

Mastering Basic Banking Terms: a General level Bank Exam Prep quiz. Test your knowledge with 14 questions!

Rate this quiz:

No ratings yet

Questions

Question 1

What is the money paid to you for keeping money in the bank?

A Fee

B Interest

C Tax

D Debt

Question 2

What is interest earned on both the principal and previous interest?

A Compound interest

B No interest

C Flat interest

D Simple interest

Question 3

What is the term for the percentage charged by a lender?

A Bank fee

B Interest rate

C Principal rate

D Deposit rate

Question 4

Which type of interest is calculated only on the principal?

A Compound interest

B Total interest

C Accrued interest

D Simple interest

Question 5

If you borrow money, you must pay it back with what?

A Dividends

B Only the principal

C Shares

D Interest

📋 This quiz has 14 questions in total.