Unit 3 Debit & Credit Assessment

Unit 3 Debit & Credit Assessment

6th - 8th Grade

20 Qs

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Unit 3 Debit & Credit Assessment

Unit 3 Debit & Credit Assessment

Assessment

Quiz

Life Skills

6th - 8th Grade

Practice Problem

Hard

Created by

JOEY BOOZER

Used 5+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a financial institution is:

Department Store

Bank

School

ATM Machine

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who uses financial institutions?

Adults

College Graduates

Almost everyone who maintains a checking or savings account, uses debit or credit cards.

Account holders with lots of cash

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A way to view account activity, pay bills via the internet is known as:

credit union

mobile banking

financial intuitions

online banking

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an incorrect statement?

Debit & Credit card allows for electronic transfer of money from checking or savings account.

Debit card is a paper check but doesn't require the processing time a check does.

A debit card is handy in an emergency when you don't have the money to spend.

A debit card is a pay now payment type with no grace period for payments.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One safety tip for keeping your account safe when banking online would be to:

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank is not a for profit financial institution.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You order your favorite sandwich with chips & a drink using your debit card. The total comes to $5.68. Your online statement shows a charge of $40.68. The extra amount is an overdraft fee.

True

False

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