10 Questions
When John moved to Canada, he opened a __________ to manage his daily expenses and paycheck deposits.
Chequing Account
Maria is focused on her future, so she regularly adds money to her __________ to earn interest over time.
Savings Account
To pay back his friend for concert tickets, Alex used an __________, making the transaction quick and easy.
E-transfer (Electronic Funds Transfer)
Sarah loves the convenience of __________, allowing her to handle her finances without visiting the bank.
Online Banking
To secure a loan for her new car, Jenna was offered a(n) __________ of 3.5% annually by the bank.
Interest Rate
Over the __________ of their home loan, the Smiths will pay off their mortgage, including interest.
Amortization Period
To avoid private mortgage insurance, the newlyweds made a __________ of 20% on their new home.
Down Payment
Each month, a portion of Ethan's mortgage payment reduces the __________, slowly paying off the loan.
Principal
After years of responsible borrowing, Lisa's __________ was high, securing her a favorable loan rate.
Credit Score
For everyday purchases, Greg prefers using his __________ to avoid accumulating debt.
Debit Card
Test your knowledge of banking and personal finance with this quiz. Answer questions about different types of accounts and financial transactions.
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