Biztown session quizzes Smithson

Which option lists financial institutions?

• Banks and credit unions

• Libraries and schools

• clothing and food shops

• credits and debits

• cash and plastic

Which services is a bank likely to offer?

• balance and net deposit

• savings and checking accountss

• advertising and web searches

• time management

• Ballet and Tap dancing instruction

What is private property?

• property that the government owns

• property that is free

• property that no one can see except for those who it belongs to

• property that you own

• property that can be held in a person's hand(s)

What is required on a bank application?

• transaction list

• full name

• checkbook number

• health ID number

• Spouses social security number

Which bank service do you need to get money to start a new store?

• business loan

• savings account

• safe deposit box

• electronic payment

• all of the above

Which type of institution is at the center of BizTown's economy?

• banking

• savings and loan

• stock market

• social

• emotional

Which action is required when depositing money into a bank account?

• include your account number

• list your income

• swipe your credit card

• signn your deposit ticket

• getting investor's permission

What is the purpose of a paycheck?

• to show proof of income

• to be sure you have money

• to keep track of your withdrawals

• to give you money in exchange for work

• all of the above

Where do you endorse a paycheck?

• on the back

• in the upper right hand area

• in the lower left hand area

• in the center

• Anywhere you want to.

What happens when you write a check and have insufficient funds in your bank account?

• required cash withdrawal

• the transaction is recorded by the U.S. government as "fraud"

• high bank fee

• electronic tax withdrawlal

• none of the above