Debit and Credit Open Book Test

Debit and Credit Open Book Test

7th Grade

12 Qs

quiz-placeholder

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Debit and Credit Open Book Test

Debit and Credit Open Book Test

Assessment

Quiz

Financial Education

7th Grade

Practice Problem

Hard

Created by

Shenia Williams

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank is a not-for-profit financial institution.

A) True

B) False

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You order your favorite foot-long sandwich with chips and a drink using your debit card. The total comes to $5.68. Your online statement shows a charge of $40.68. The extra amount is an overdraft fee.

A) True

B) False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit card provides preapproved credit.

A) True

B) False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Internet banking means using a bank branch to make deposits and withdrawls.

A) False

B) True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The lower an applicant's credit score, the lower the risk to the lender.

A) True

B) False

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Identity theft is a threat to anyone with a good credit rating.

A) True

B) False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a financial institution is

a) A department store

b) A bank

c) A school

d) An ATM machine

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