Banking Quiz

John has misplaced his debit card, but needs to mail a payment

for his electricity bill. What other form of payment can he use?

• ATM card

• credit card

• debit card

• check

Maria paid her bill with a plastic card with a Visa logo that is tied

directly to her checking account. What is she using?

• atm card

• credit card

• debit card

• check

What type of account holds money that a customer does not plan

to spend immediately?

• money market

• savings

• checking

• line of credit

What type of account is used regularly and handles day-to-day

transactions?

• savings

• checking

• line of credit

• money market

Banks

• are insured by the government

• can help you keep your money safe

• can help you grow your money

• all of the above

The amount of money you have to keep in your account to avoid fees is called

• interest rate

• minimum balance

• budget

• loan

Janet inherited a valuable necklace and needs a safe place to keep it when she isn't wearing it,

• checking account
• savings account
• safe deposit box

Tyler works part time. He wants to have money for college when he graduates so he won't have to borrow money.

• credit card
• debit card
• savings account

Amirah is going to college and will not be able to visit her home bank very often. She needs a way to access her money and track what she spends.

• personal loan
• debit card
• online banking

Liz received $100 for her birthday. Eventually, she wants to make a down payment on a car, so she wants to earn as much interest on her cash as possible.

• savings account
• checking account
• personal loan