BizTown Final Test

Which are examples of financial institutions?

• banks and credit unions

• libraries and schools

• clothing and food shops

• credits and debits

Which services is a bank likely to offer?

• balance and net deposit

• savings and checking accounts

• advertising and Web searches

• time management

What are private goods and services?

• goods and services that the government provides to all citizens

• goods and services that businesses provide for sale to consumers

• goods and services that are only available to certain people

• none of the above

Which bank service would you use to borrow money to start a new business?

• business loan

• savings account

• safe deposit box

• electronic payment

Which type of institution is at the center of JA BizTown's economy?

• educational

• entrepreneurial

• financial

• social

Which institution is at the center of JA BizTown’s government?

• City Hall

• business

• bank

• radio station

What is the purpose of a paycheck?

• to show proof of income

• to pay the government for goods and services

• to keep track of your withdrawals

• to give you money in exchange for your work

Where do you endorse a paycheck?

• on the back

• in the memo section

• in the money tracker

• after "Pay to the Order of"

What happens when you have insufficient funds in your bank account?

• you go to jail

• you pay a high fee to the bank

• your transaction can be declined

• you get grounded

Which is a responsible choice to make with your money?

• spend it

• track it

• give it all away

• lose it