Business Recap Quiz

A whole year's paycheck before tax deductions

• Gross Annual income

• Net Monthly Income

• Gross Monthly Income

• Net Annual Income

What are two consequences of not paying back your loan?

• Standing Upside Down

• Foreclosure

• Get a treat

• Penalty

Your credit report shows your criminal history.

• True

• False

I am a type of card to use money. I work in a buy-now-pay-now way. Who am I?

• Debit card
• A Credit Card

• Gift Cards

• Rewards Credit Card

What card has a 50$ fee if you lose it?

• Credit Card

• Debit Card

• Driver's License Card

• State ID Card

An ATM is a financial institution.

• True

• False

In a check, the cost in number format was different to the cost in the letter format. The bank will consider:

• the amount in the letter format

• the amount in the number format

What are sales taxes used for?

• Improve Roads

• Public Schools

• Jail

• Courts

If you put your transaction amount in the debit column in your checkbook register, you should

• add the cost to the last balance.

• subtract the cost from the last balance.

• multiply the cost and the last balance

• divide the last balance by the cost.

You should use the far left column in your checkbook register to write the balance in your account after a transaction.

• True

• False