Unit 4 Review

Unit 4 Review

12th Grade

9 Qs

quiz-placeholder

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Unit 4 Review

Unit 4 Review

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, 6.NS.B.3, 7.NS.A.3

Standards-aligned

Created by

Sarah Fucsko

Used 2+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a checking account?


to have an account to link to a savings account for overdraft protection


provides a secure place to hold money that will not be accessed for a long period of time


provides a secure place to put money that can be used to regularly make payments


to have a place to save extra money and have it earn interest

2.

MATCH QUESTION

2 mins • 1 pt

Media Image

Cheyanne puts $540 in a savings account that ears 1.25% simple interest annually. She leaves the money for 5 years. Match the parts of the simple interest formula with the corresponding value.

$33.75

interest earned

$540

variable P

$573.75

variable t

.0125

total in account

5

variable r

Tags

CCSS.7.RP.A.3

3.

CATEGORIZE QUESTION

2 mins • 1 pt

What are the similarities and differences between a bank and a credit union?

Sort the statements based on if they describe a bank, credit union, or both.

Groups:

(a) Bank

,

(b) Credit Union

,

(c) Both

insured by the FDIC

money is insured

member owned

profits are used to have lower fees or higher savings interest rates

privately owned

there are requirements to be a member

4.

LABELLING QUESTION

2 mins • 1 pt

You need to write a check for $72.27 to Larry's Cable Company to pay for your monthly cable.

Match the labeled parts of the check with what should be written on the check.

a
b
c
d
e
your signature
Larry's Cable Company
72.27
seventy-two and 27/100
cable bill

Tags

CCSS.6.NS.B.3

5.

HOTSPOT QUESTION

2 mins • 1 pt

Below are images of parts of three different checking account holder's monthly statements. They all opted in to overdraft protection. The balance column has not been fully completed.

Analyze the accounts to determine the missing balances. Which account will have an additional line showing an overdraft fee was applied?

Tags

CCSS.7.NS.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the FDIC do for account holders?


provides the bank the opportunity to purchase its own insurance

provides insurance that protects account amounts up to $250,000


enforces all government regulations on accounts


provides the service of direct deposit

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which statements describe a savings account? Check all that apply.

has a fixed interest rate that stays the same


must remove cash or transfer funds to a checking account to use the stored money


can use checks or a debit card to access money


typically has a minimum monthly balance

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