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Math Financial 1 Review

Authored by Marla Dygert

Mathematics

9th Grade

CCSS covered

Used 16+ times

Math Financial 1 Review
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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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