8. Joakim is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...

Banks require that you have a large account balance in order to use bill pay

Online bill pay can help you meet your payment deadline

You can pay electronically or still have a paper check sent instead

It takes a bit of time to set up initially, but it could save you time in the long run

9. All of these are tips to be safe with online banking EXCEPT...

Make sure you carry a written password as a backup

Use strong passwords and different ones for each account

Don’t use any part of your Social Security number as a password

Keep your browser and computer or mobile device up to date

10. Person-to-person payments are becoming more popular, so it’s a good idea to understand how they work. Which of the following is TRUE?

Person-to-person payments are usually conducted using a smartphone app rather than a computer

To use a person-to-person payment, both people must have a checking account at the same bank branch

Paying a cashier using your debit card is an example of a person-to-person payment because you’re both physically in the same location

Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly

11. Your bank statement includes all of the following information, EXCEPT...

Debits and credits on your account

12. Consumers utilize mobile banking mostly for which activity?

Inquiring about their account balance

Updating their account settings

13. All of the following are benefits of having a checking account, EXCEPT…

You can earn a high interest rate on the money in your account

You can pay bills, check your balance, and transfer money using mobile banking

You can track your finances using alerts, statements, and online banking

You can have your paycheck deposited automatically into your account

15. A linear regression model is...

an equation that represents the linear relationship between two sets of data

a table of data that represents two sets of data

a graph that contains all of the points from a two-column table of data

a number that represents how closely two sets of data are related

17. A scatterplot is...

A graph that shows the relationship between two data sets

A graph that shows data changing using dots connected together by lines

A graph that uses rectangular bars to show how large values are

A graph that shows what percentage of data is related

18. When the sign of the slope is negative, the line travels…

down as you move from left to right

up as you move from left to right

Which of the following is NOT a common feature of mobile banking apps?

Ability to check account balances

Transfer funds between accounts

What is a potential disadvantage of using a savings account compared to a checking account?

Limited number of withdrawals per month

Which of the following statements about credit cards is TRUE?

Credit cards can offer rewards and cashback on purchases

Credit cards always have lower interest rates than loans

Using a credit card does not affect your credit score

You must pay the full balance each month to avoid interest

What is the primary purpose of a checking account?

To facilitate daily transactions and payments

To earn high interest on savings

To store valuable items securely

Which of the following is a common feature of savings accounts?

Higher interest rates compared to checking accounts

Direct access to stock market investments

What is a key benefit of using online banking?

Ability to manage accounts and transactions from anywhere

Access to physical bank branches 24/7

Higher interest rates on all accounts

Free financial advisory services

Which sentence describes the relationship shown on this scatter plot?

As the temperature increases, the number of visitors increases.

As the temperature decreases, the visitors increase.

As the visitors increase, the temperature decreases.

2.0 Unit Test Checking & Linear Equations

Authored by Viridiana Vargas

others

9th - 12th Grade

Used 12+ times

2.0 Unit Test Checking & Linear Equations

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41 questions

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MULTIPLE CHOICE QUESTION

3 mins • 1 pt

1. All of these are common banking fees, EXCEPT...

Insufficient funds fee

Overdraft fee

ATM fee

Account opening fee

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

2. Which of the following is a disadvantage of using a check casher, compared to a bank?

You wait longer to get your money at a check casher than at a bank

You pay a higher fee to cash checks at a check casher than at a bank

You can only cash checks worth more than $500 at a check casher

You can cash fewer checks at a check casher than at a bank

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

3. Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...

Set up text alerts, so she will be notified of potentially fraudulent charges in the future

Contact the bank immediately, so they can investigate the charge

Review her receipts and the details of the transaction, so she can confirm if the charge is real

Wait for the bank to contact her, so she has the complete fraud report before responding

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

4. Which of these options correctly matches the fee with its average cost?

Monthly maintenance fee - $50

Overdraft fee - $35

ATM fee - $35

Overdraft fee - $50

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

5. Your friend Samir very excitedly tells you about opening his new checking account. “I’m so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!” What is some advice you might give to Samir?

A checking account isn’t very safe, so you should hide your money in your mattress instead

A checking account is the best place to leave your money because of the high interest rates

A checking account won't grow your money much because of low interest rates and fees

A checking account won’t be good because it will be difficult to get your money into and out of

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

6. Which of these bank alerts will help protect you from overdrafting your account?

Unusual activity alert

Low balance alert

Debit card alert

Profile change alert

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

7. Which of the following is a way you can get money out of your checking account?

Using your credit card to get cashback at a supermarket

Withdrawing cash using an ATM

Depositing a check at a bank branch

Having your paycheck deposited electronically

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