Personal Finance Pre-Test

When you take money out of a bank account, it is called a __________________.

(a)  

• Withdrawal
• Credit Score
• Debt
• Deposit

When you put money into a bank account, this is called a ___________________.

(a)  

• ATM
• Credit Score
• Debt
• Deposit

To have a negative balance in a bank account, it is called a___________________.

(a)  

• Debt
• Credit Score
• Overdraft
• Deposit

To purchase a car or home, a person who decides to not pay in cash would get a __________________.

(a)  

• Income
• Income Taxes
• Loan
• Overdraft

Money you earn by having a job, is called your ____________________.

(a)  

• Income
• Income Taxes
• Loan
• Overdraft

A portion of income that goes to their state or federal government is known as _____________.

(a)  

• Income
• Income Taxes
• Loan
• Overdraft

If you owe money to an organization or person, this is called a __________________.

(a)  

• Tax Return
• Withdrawal
• Debt
• Deposit

At the end of the year, someone might file this with their state or federal government to get money back or determine how much they owe.

_______________________?

(a)  

• Tax Return
• Withdrawal
• Debt
• Deposit

What is the shortened phrase for an “automated teller machine,” where someone would withdraw money from their bank account?

(a)  

• Deposit
• Credit Score
• Debt
• ATM

A person that wants to maintain good credit, may want to regularly check their ______________________.

(a)  

• ATM
• Credit Score
• Debt
• Deposit