Some of the services banks offer include...

Mortgages, check writing, and debit cards

Teaching you how to handle your finances and encouraging you to cut up your credit cards

Paying off your student loan debt and saving for your future

Creating a personalized budget for you and managing your schedule

A savings account is for _______________.

The entertainment budget line item

An easy way to avoid ending up with errors in your checking account is to simply...

Monitor your account at least twice a week

If you see "pending" on an account charge, that means...

It hasn't been fully processed yet

It is suspected of being a fraudulent charge

You need to make a deposit before it is paid

Distrust, unemployment, and bank fees are a few excuses people give for...

Not having a savings or checking account

Not looking for work when their checking account is getting low

Not making and sticking to a budget

If you prefer great customer service and lower fees...

A small, local bank is often a great option

You should jump from bank to bank until you find the perfect match

A large, national bank is for you

You should use the check cashing service at a large retailer

With online banks, all of your deposits, transfers, and bill payments happen digitally, but...

It's often more difficult to get in touch with a real person when you need assistance

They do not provide a debit card

Online banks should never be trusted

These banks do not offer interest on savings accounts

With certificates of deposits (CDs), you have to pay a penalty for ___________.

Depositing money into the account

How quickly and easily you can access your money

How money flows from bank to bank

A great way to find a financial service that's right for you

When you deposit silver or gold they liquify it for you

Balancing your checking account is a lot like working on your budget because...

They both get easier and build money confidence the more you do them

They both lose you money in the long run

They both need to be done weekly

Something that all of the predatory financial services have in common is...

You end up losing money with all of them

People can earn money with all of them

They require you to take out a loan

They all require you to be a college graduate

Banks invest their customers' deposited money and then...

Earn interest, paying the customer a small amount of interest on their accounts

Earn interest, keeping all of it as their own profit

Typically lose some of it in risky investment deals

Pay their customers 100% of the earned interest

When deciding on the right bank for you, you should first identify what type of bank you want, the features that matter most to you, and __________.

If you want to go to an Ivy league or community college

How large your savings account is

What type of home you want to own someday

What does it mean to be blacklisted by a bank?

The bank doesn’t allow you to open an account because you handled money poorly in the past and couldn’t pass their financial background check.

You passed the financial literacy test and they offer to pay you for banking with them.

They have decided to charge you extra fees and limited the services available to you.

They promise you a higher credit score in exchange for a 15% interest rate on your investments.

Overdraft protection sounds like a good idea. . .

But you have to pay back the deposited money with interest

But it will ruin your credit score

Make sure your bank has plenty of ________ and ________.

ATM locations; a mobile banking app

Security breaches; foreign transaction fees

Insurance; monthly maintenance fees

You need to track everything that involves money, including...

Debit card purchases, third-party app transactions, and ATM withdrawals

The latest retail store credit card offers

Your clothing budget for the month

All of the sales that are currently happening

What should you do if a tip at a restaurant shows up incorrectly?

Contact the bank and restaurant

Wait until the problem fixes itself

Ch. 8 Review Quiz

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rachel Cruze describes overdrafting your checking account as a sign of...

Debt

Responsibility

Laziness

Boredom

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many Americans are ______________, meaning they don't have a bank account.

Unbanked

Overbanked

Banked

Underbanked

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bank service would typically offer the highest interest rate?

Certificate of deposit

Checking account

Basic savings account

Money market account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A traditional brick-and-mortar bank is what kind of bank?

Online bank

Retail bank

Credit union

Credit bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of a predatory lender?

Car title lender

Pawn shop

Payday lender

Credit union

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a way that banks make money?

ATM withdrawal fees

Interest on savings balance

Interest on personal loans

Account overdraft charges

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank can help you your money and keep it .

Manage; safe

Budget; available

Find; growing

Deposit; budgeted

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft

or continue with

Facebook

Apple

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Similar Resources on Wayground

40 questions

CSB Practice Test A

Quiz

•

9th - 12th Grade

36 questions

Starting a Business, Unit Test REVIEW

Quiz

•

9th - 12th Grade

40 questions

Workplace Communication

Quiz

•

9th - 12th Grade

42 questions

BOOK KEEPING

Quiz

•

9th - 12th Grade

35 questions

Accounting Cpt. 2 Review - Analyze Trans. into Debit & Credit

Quiz

•

9th - 12th Grade

40 questions

PBMF Chapter 1

Quiz

•

9th - 11th Grade

45 questions

Enterprise and Marketing - Learning Outcome 2: Understand what makes a product or service financially viable

Quiz

•

9th - 11th Grade

35 questions

FBLA Healthcare Administration

Quiz

•

9th - 12th Grade

Popular Resources on Wayground

10 questions

How much do you know about our Portrait of an Eagle?

Quiz

•

10th Grade

10 questions

Fast Food Slogans

Quiz

•

6th - 8th Grade

21 questions

Continents and Oceans

Quiz

•

6th Grade

20 questions

Parts of Speech

Quiz

•

5th Grade

16 questions

Subject & Predicate

Quiz

•

5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

12 questions

Map Skills

Quiz

•

3rd Grade

22 questions

Continents and Oceans

Quiz

•

5th Grade

Discover more resources for Business

13 questions

BizInnovator Startup - Experience and Overview

Quiz

•

9th - 12th Grade

25 questions

BOR: Chapter 3 Test Review

Quiz

•

9th - 12th Grade

10 questions

Marketing Concepts Quiz

Interactive video

•

9th - 12th Grade

Ch. 8 Review

Rachel Cruze describes overdrafting your checking account as a sign of...

Many Americans are ______________, meaning they don't have a bank account.

Which bank service would typically offer the highest interest rate?

A traditional brick-and-mortar bank is what kind of bank?

Which of the following is NOT an example of a predatory lender?

Which of the following is NOT a way that banks make money?

A bank can help you ________ your money and keep it ________.

Some of the services banks offer include...

A savings account is for _______________.

An easy way to avoid ending up with errors in your checking account is to simply...

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business

A bank can help you your money and keep it .