Financial Literacy Quiz

Which option lists financial institutions?

• a. banks and credit unions

• b. libraries and schools

• c. clothing and food shops

• d. credits and debits

Which services is a bank likely to offer?

• a. balance and net deposit

• b. savings and checking accounts

• c. advertising and Web searches

• d. time management

What is private property?

• a. property that the government owns

• b. property that is free

• c. property that no one can see

• d. property that you own

What is required on a bank application?

• a. transaction list

• b. full name

• c. checkbook number

• d. health ID number

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

• business loan

• savings account

• safe deposit box

• electronic payment

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

• educational

• entrepreneurial

• financial

• social

Which action is required when depositing money into an account?

• include your account number

• list your income

• swipe your credit card

• sign your deposit ticket

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

Where do you endorse a paycheck?

• on the back

• in the memo section

• in the money tracker

• after "Pay to the Order of"

What happens when you have insufficient funds in your bank account?

• required withdrawal

• record transaction

• high fee

• electronic payment