
Transitional Living Final Exam Part 1
Authored by Andrea Quintana
Life Skills
9th - 12th Grade
Used 1+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A credit card allows you to borrow money from a bank to make purchases.
True
False
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why do credit cards have a 3 digit CVV number?
This is the account number
It is the expiration date
It is a security code to help prevent fraud
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A bank account is how I invest in the stock market.
True
False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is a Checking account?
Easy access to money used for everyday spending and paying bills.
It is used to hold your money for a future use. Helps you save for a special purchase.
A place I go to check for the correct ansswers.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is a Debit card?
Borrow money from the bank to make purchases
A plan on how to use money
Money is immediately taken out of your account when you make a purchase
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What are the two main types of credit cards?
Target and JcPenney
Visa and MasterCard
American Express and Wells Fargo
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is interest?
Something that you enjoy doing
Form of identification needed to apply for a credit card
Percentage of the money you owe the bank on top of what you borrowed
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