
Banking Test 2024
Authored by Amy Whitlatch
Business
10th Grade
Used 7+ times

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50 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
People who are unbanked are most likely to...
Have a high credit score
Have a low income
Have a college degree
Have a mortgage
2.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
Overdraft protection...
Allows you to withdraw more money than you have in your account
Protects your account from unauthorized transactions
Helps you save money for emergencies
Provides insurance for your deposits
3.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
Which of the following is TRUE about banks and credit unions?
Banks are for-profit institutions, while credit unions are non-profit
Banks offer higher interest rates on savings accounts than credit unions
Credit unions are insured by the FDIC, while banks are not
Banks are owned by their customers, while credit unions are owned by shareholders
4.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
What feature is the LEAST important for a college student to look for in a checking account?
Low or no monthly fees
Convenient ATM access
High interest rates
Online and mobile banking
5.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
Which of the following is FALSE about check registers?
They help you keep track of your account balance
They are used to record deposits and withdrawals
They are no longer necessary with online banking
They can help you detect errors or fraud
6.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
How does the 50-20-30 rule distribute your income?
50% for needs, 20% for savings, 30% for wants
50% for savings, 20% for needs, 30% for wants
50% for wants, 20% for savings, 30% for needs
50% for needs, 20% for wants, 30% for savings
7.
MULTIPLE CHOICE QUESTION
10 mins • 2 pts
Saving accounts differ from checking accounts in that...
Saving accounts have higher interest rates
Saving accounts have more fees
Saving accounts have unlimited transactions
Saving accounts have overdraft protection
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