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Biztown Test Review

Biztown Test Review

Assessment

Flashcard

Social Studies

6th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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25 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is an example of a financial institution? a credit card, a checking account, a bank, a safe deposit box

Back

a bank

2.

FLASHCARD QUESTION

Front

The amount you have left over from your paycheck after taxes and deductions are withheld is called....

Back

net pay

3.

FLASHCARD QUESTION

Front

When is the only time that you will sign a deposit ticket?

Back

when you fill in the less cash received section

4.

FLASHCARD QUESTION

Front

Which of the following is NOT a service offered by banks? savings accounts, safe deposit boxes, reimbursement of cash if lost, credit cards

Back

reimbursement of cash if lost

5.

FLASHCARD QUESTION

Front

What is the difference between a debit card and a credit card?

Back

A debit card is used when you can spend money and it comes automatically out of your bank account. A credit card is used when you can spend money but have to pay it back at the end of the month with interest.

6.

FLASHCARD QUESTION

Front

What does it mean if there is scarcity of an item?

Back

the item is unavailable

7.

FLASHCARD QUESTION

Front

You're at Target and see a new movie, a pair of shoes, and a bag of candy that you want to buy. You think the items total will be around $40.00. Before you go to the cash register to pay for your items, you must check your ______________.

Back

balance

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