
Last Review for EOPA
Authored by Melissa Gusby
Business
9th - 12th Grade

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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
US Treasury Department
Federal Deposit Insurance Corporation (FDIC)
State Banking Commission
Federal Reserve Board
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The best suggestion you gave a friend who is writing a check for the first time is:
Date the check because it is usually proof of payment
Use pencil to permit changes
Make the check payable to cash
Use the checkbook stub or register to keep a record of the date you write the check
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which documents should be stored in a safe-deposit box?
Checkbook statements
Copies of current and past budgets
Current paycheck stubs
Mortgage loan papers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The phrase used for putting money into a savings account is:
Verifying the account
Balancing the account
Making a deposit
Making a withdrawal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a person declares bankruptcy that fact will appear on the person's credit report
for a 3 year period
for a 10 year period
until the person repays all debts owed
until the person is able to receive a new credit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?
Notify the credit reporting agency in order to avoid a late fee
File for bankruptcy in order to maintain ones current credit score
Notify the credit card companies in order to negotiate a new payment plan
Contact the Internal Revenue Service in order to avoid paying income tax this year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered to be open-end credit?
A mortgage
A car loan
Department store charge card
Installment loans
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