Finance Quiz

cards that can only be used in a specific store

• credit card
• charge card
• debit card
• Gift Card

card linked directly to your checking account

• charge card
• credit card
• debit card
• loyalty card

What does "available balance" mean?

• The amount of money that my bank will make available to me for withdrawal.
• How much money I'd love to spend if I could.
• The average amount of money I've had in my account for the last month.
• The balance listed on my most recent statement.

Tags

CCSS.RI.11-12.7

CCSS.RI.3.7

CCSS.RL.4.7

CCSS.RL.8.7

CCSS.RL.9-10.7

What is the best way to avoid spending more money than I have in my account?

• Look at my last bank statement to get my balance.
• Ask a trusted friend for advice on how much to spend.
• Make only small purchases.
• Keep an accurate and current record of all of my transactions.

What is one of the possible outcomes of making a purchase with my debit card that totals more than I have in my checking account?

• Nothing.
• The price of the item that I purchase will double.
• The bank may decline the transaction.
• I'll get a phone call from the bank asking me what to do.

Which of the following is not a type of check?

• Cashier's
• Debit
• Traveler's
• Certified

Which of the following is not a common fee assessed by your bank?

• Overdraft Fee
• Sales Fee
• ATM Fee
• Monthly Service Fee

Which of the following is an act of identity theft?

• Receiving permission to use a parents' credit card for school clothes
• Wrongfully acquiring and using someone's personal indentification
• Taking the identity of another individual as inspiration for a costume
• Having the same name as another person

Tags

CCSS.RI.11-12.10

CCSS.RI.6.10

CCSS.RI.7.10

CCSS.RI.8.10

CCSS.RI.9-10.10

Which of the following actions will not make an individual vulnerable to identify theft?

• Using a computer without updated software
• Responding to an email from you depository institution
• Paying cash for a movie ticket
• Throwing mail in the garbage

All of the following are ways to protect yourself from fraud except...

• Not carrying your Social Security card
• Posting all your information on the Internet
• Shredding personal documents before discarding them
• Memorizing and using difficult PIN numbers