Banking

Banking

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Easy

Created by

Matthew Wolferd

Used 3+ times

FREE Resource

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12 questions

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1.

FLASHCARD QUESTION

Front

Overdraft protection...

Back

Allows you to withdraw more money than you have in your account

2.

FLASHCARD QUESTION

Front

What is TRUE about banks and credit unions?

Back

Banks are for-profit institutions, while credit unions are non-profit

3.

FLASHCARD QUESTION

Front

Which of the following is NOT required to open a checking account? Proof of identity, Proof of address, Social security number, Minimum age requirement

Back

Minimum age requirement

4.

FLASHCARD QUESTION

Front

What feature is the LEAST important for a college student to look for in a checking account? Options: Low or no monthly fees, Convenient ATM access, High interest rates, Online and mobile banking

Back

High interest rates

5.

FLASHCARD QUESTION

Front

What is a typical overdraft fee?

Back

$25

6.

FLASHCARD QUESTION

Front

Which is NOT a typical goal for a savings account?

Back

Saving for retirement

7.

FLASHCARD QUESTION

Front

About how much should you save in an emergency fund?

Back

6 months of expenses

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