BTown Unit Test

When do you have to endorse a check?

• every time you write a check
• you want to cash a check written to you
• never

What is someone that buys and uses services and goods called?

• producer
• citizen
• entrepreneur
• consumer

A member of a town, city, county, state, or country is called what?

• person
• representative
• citizen
• human

What is someone that buys and uses services and goods called?

• producer
• citizen
• entrepreneur
• consumer

What do you call an economy in which economic decisions are made in markets? (made by the people)

• scarcity
• business
• free enterprise

What do you call the money left over after a business pays all its cost?

• profit
• bounced check
• bill
• currency

Which of the following are financial institutions?

• bank
• library
• museum
• school

The amount left over from your paycheck after taxes and deductions is called:

• balance
• gross balance
• net pay
• transaction

Credit cards and debit cards are essentially the same thing?

• True
• False

You can continue to legally write checks as long as you have checks in your checkbook?

• true

• false