BizTown Financial Literacy Quiz Review

Which option lists financial institutions?

• banks and credit unions

• libraries and schools

• clothing and food shops

• credits and debits

Which services is a bank likely to offer?

• balance and net deposit

• savings and checking accounts

• advertising and web searches

• time management

What is private property?

• property that the government owns

• property that is free

• property that no one can see

• property that you own

What is required on a bank application?

• transaction list

• full name

• checkbook number

• health ID number

Which bank service do you need to get money to start a new store?

• business loan

• savings account

• safe deposit box

• electronic payment

Which type of institution is at the center of JA BizTown's economy?

• educational

• entrepreneurial

• financial

• social

Which action is required when depositing money into an account?

• include your account number

• list your income

• swipe your credit card

• sign your deposit ticket

What is the purpose of a paycheck?

• to show proof of income

• to be sure you have money

• to keep track of your withdrawals

• to give you money in exchange for work

Where do you endorse a paycheck?

• on the back

• in the memo section

• in the money tracker

• after "Pay to the Order of"

What happens when you have insufficient funds in your bank account?

• required withdrawal

• record transaction

• high fee

• electronic payment