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Account Management: Banking Essentials & Management

Authored by Emica Dumesle

Life Skills

12th Grade

Account Management:  Banking Essentials & Management
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10 questions

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1.

MULTIPLE SELECT QUESTION

1 min • 1 pt

A checking account is a good option for: More than one answer may be correct.

a) earning interest at higher rates

b) long-term investments

c) depositing paychecks

d) paying bills

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

A savings account is a good option for: More than one answer may be correct.

a) day-to-day transactions

b) short-term savings

c) account transfers

d) emergency fund

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You should check your bank statement at least:

a) Once a day

b) Twice a week

b) Once a month

d) Once a year

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You should keep copies of all your financial records because financial institutions such as your bank or credit union may not retain this information for as long as you need it.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You should keep copies of all your financial records because financial institutions such as your bank or credit union may not retain this information for as long as you need it.

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A personal financial money management program enables you to easily track all your income and expenditures in one place.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You do not have sufficient funds in your checking account. Which of the following would be a fair reason to use money from your savings account?

a) You get a flat tire the day before an important business trip.

b) A coat you like is on sale at 35% off.

c) You want to celebrate your significant other’s promotion by dining with him/her at a fancy restaurant.

d) Your friends are taking a vacation and you want to go with them.

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