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Basic Financial Terms Quiz

Authored by Maci Blatt

Education

6th Grade

Used 1+ times

Basic Financial Terms Quiz
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an account?

A plan for spending based on income.

A signed paper for transferring money.

A place for you to keep money at a bank or credit union.

A person who assists with bank transactions.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a check do?

Records money owed for utilities and debts.

Tells a bank to give someone a specific amount of money from your account.

Withdraws money from your account to pay for items.

Allows borrowing up to a certain limit.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a debit card?

To deposit money into an account.

To help customers with their accounts at a bank.

To withdraw money from your checking account to pay for something.

To borrow money and pay it back with interest.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A document that authorizes payment from a bank.

A place to store money at a financial institution.

A plan for how much you want to spend in different areas based on how much money you make.

A card used for borrowing money.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a teller?

The person who works at a bank or credit union and helps customers with their accounts.

A plan for financial expenditure.

A type of bank account.

A method to transfer funds electronically.

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