Math Financial 1 Review
Authored by Marla Dygert
Mathematics
9th Grade
CCSS covered
Used 16+ times
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29 questions
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1.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which type of transaction withdraws money from your checking account?
Using your credit card
Writing a check
Using your debit card
Making a deposit
Tags
CCSS.7.NS.A.1A
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What is true about overdraft protection?
an agreement with the bank or financial institution to cover overdrafts on a checking account.
Protects the money depositors place in insured banks in the unlikely event of an insured-bank failure. Each depositor is insured to at least $250,000 ...
It usually involves a fee.
It is a free service offered by most banks
3.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which financial activities add money to your account?
deposit
debit
credit
service fee
withdrawal
Tags
CCSS.3.OA.D.9
4.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which financial activities subtract money from your account?
deposit
debit
credit
service fee
withdrawal
Tags
CCSS.7.NS.A.1A
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What are advantages to online banking?
All fees are waived.
You can view daily transactions, rather than waiting for the monthly statement.
You can pay bills online and transfer money between accounts.
You do not have to go into a physical branch of the bank.
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the 50-20-30 Rule?
50% for needs
20% for wants
30% for savings
50% for savings
20% for needs
30% for wants
50% for wants
20% for savings
30% for needs
50% for needs
20% for savings
30% for wants
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is compound interest?
It is calculated using the principal only
Interest x 2
It is what happens when the interest you earn on savings begins to earn interest on itself.
Tags
CCSS.7.RP.A.3
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