Financial Management Quiz

Where is the signature on a credit or debit card?

• Front of card

• Back of card

• No place for a signature on the card

• Under the card number

What is a savings account?

• A for profit institution that offers personal loans, mortgages and other services.

• A business that provides money related services.

• An interest bearing account where people put money for future use.

• None of the above

What is mobile banking?

• An electronic way to view account activity and pay bills via the internet and an institution's website.

• A written order for a bank to pay money out of the account holders account.

• A record of income and spending and a plan for managing money.

• A wireless service that allows financial transactions by using an app or web browser from a mobile device.

What is a credit referring to a checking account?

• Deposit or an addition to the account

• Subtraction or a minus to the account

• What is on your credit report

• When you enter your pin number

Pam needs to take money out of her account from an ATM what card will she use?

• Credit Card

• Sam's Card

• Debit Card

• Macy's Card

Where do you put your signature on a check you just wrote?

• none of them

• Bottom left corner on the line

• Top right corner on the line

• Bottom right corner on the line

How old can you be to open a savings or checking account?

• 13 with a guardian

• 20

• 5 with a guardian

• 18 with a guardian

Why is it important to save money?

• Saving for a goal or something special in the future

• Because your parents say so

• So you can spend it faster

• Its not a good idea to save money

Chris gets a monthly statement each month to pay his_____

• Barber

• Credit Card

• Debit card

• Saving account

You are responsible for your financial well-being

• True

• False