Consumer Education Pre-Test

What does deposit mean?

• Money you take OUT of the bank
• Money you put INTO the bank
• The person who helps you at a bank
• A place to save your money for the future

What does withdrawal mean?

• Money you take OUT of the bank
• Money you put INTO the bank
• The person who helps you at a bank
• A place to save your money for the future

What is an ATM?

• The person who helps you at a bank
• The number that's on your checks
• A summary of all your bank activity
• The machine outside the bank

What is a Bank Statement?

• The person who helps you at a bank
• The number that's on your checks
• A summary of all your bank activity
• The machine outside the bank

What is a Debit Card?

• Money you put into the bank
• A card that allows you to take out money and pay for things
• Money that is added to your account
• Money taken out of your bank

You had $250 in your account. You deposit $100. How much money is in your account?

• $100
• $150
• $250
• $350

You make $10 an hour.  In one week you worked 42 hours.  How much money did you make?

• $42
• $10
• $420
• $400

True or False: only adults use budgets.

• True
• False

True or False: You should buy what you need first.  Then you should buy what you want.

• True
• False

Which of the following is a good shopping habit?

• Creating a list
• Impulse buying
• Shopping when you are hungry
• Buying without planning ahead