
Banking Knowledge Quiz
Authored by Heather Ramsay
Life Skills
9th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you usually need to do if you are under 18 and want to open a bank account?
Fill in an application form and present your photo ID and proof of address.
Open the account online without any assistance.
Visit the bank alone and fill out the necessary forms.
You cannot open a bank account if you are under 18.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most basic type of bank account where you deposit money for shopping or paying bills?
Savings account
Checking / current account
Fixed deposit account
Investment account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a transfer fee?
A fee for withdrawing money from an ATM
A fee for sending money to another person, especially in another country
A fee for using your card abroad
A fee for maintaining your account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which banks do not charge a fee for withdrawing money abroad?
Monzo and Starling
HSBC and Barclays
Chase and Wells Fargo
Citibank and Bank of America
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do before choosing the right bank for you?
Open an account with the first bank you find
Do some research on different banks and their fees
Choose a bank based on its advertisements
Ask your friends for their bank details
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the first steps to start saving money?
Spend all your money immediately.
Create a financial plan.
Avoid thinking about your savings.
Borrow money from friends.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason to get a credit card?
To build your credit score.
To avoid paying bills.
To decrease your savings.
To spend more money.
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