EVERFI: Checking Accounts
Authored by Samantha Isaacs
Other
11th Grade
Used 52+ times
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About
This quiz focuses on the fundamental concepts of checking accounts and modern banking practices, making it appropriate for 11th-grade students studying personal finance. The questions assess students' understanding of basic banking services including the primary functions of checking accounts, payment methods, mobile banking capabilities, and account management features. Students need to grasp the practical applications of checking accounts as tools for everyday financial transactions rather than investment or savings vehicles, understand the safety and traceability benefits of various payment methods, and recognize how digital banking tools like mobile apps expand access to banking services. The quiz also covers important consumer protection concepts like overdraft protection, requiring students to understand when and why such services activate to help account holders manage their finances responsibly. Created by Samantha Isaacs, a teacher in the US who teaches grade 11, this quiz serves as an excellent resource for introducing students to essential personal finance literacy skills. The quiz works particularly well as a formative assessment tool to gauge student understanding before moving into more complex banking topics, or as a review activity following instruction on checking account basics and digital banking tools. Teachers can use this as a warm-up activity to activate prior knowledge about banking services students may already use, or assign it as homework to reinforce classroom learning about financial institutions and payment systems. The content directly supports standards such as CCSS.MATH.CONTENT.HSA.CED.A.3 for representing real-world financial constraints and relationships, and aligns with Jump$tart Coalition standards for personal financial literacy, specifically those addressing money management and financial services and products that help students make informed decisions about banking relationships and payment methods.
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of a checking account?
It allows you to save money and earn interest.
It helps you spend money without carrying cash.
It allows you to spend money and pay the bill later.
It helps you invest money and gain a greater return.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your favorite cousin Briar's birthday is coming up, and you'd like to gift her some money from your checking account. What is the benefit if gifting money via check?
It is better because you get to earn interest.
It is safer because you can trace the transaction.
It is faster because the money will be available instantly.
It is cheaper because it has a flat fee per transaction.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alejandro realized that he forgot his wallet when he was about to pay at a store. He only has his smartphone with him. How can he make a payment with money from his checking account?
He can use a mobile payment app with his phone.
He can write a check with his mobile banking app.
He can send his checking account number via text.
He can show a picture of his debit card in his phone.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Camila just opened a new checking account. How can it help her better manage her money?
She can get a greater investment in return.
She can earn more interest to save money.
She can check her transaction history easily.
She can borrow money and pay it back over time.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Using your mobile banking app, you can ______.
Write checks
Deposit cash
Withdraw cash
Deposit checks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items describe a feature of a checking account?
High fees
Credit card
High interest
Debit card
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To deposit a check using a mobile banking app, you have to ________.
Check your interest rate
Have more than one account
Upload picture of your signed check
Mail the check to your financial institution
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