Financial Worksheet Natural Test Part 2

A Credit Rating is:

• a measure of a person's creditworthiness.

• a type of bank account.

• a financial statement.

• a loan application.

Account Balance refers to:

• The total amount of money in a financial account at a given time.

• The interest rate applied to a savings account.

• The number of transactions made in a month.

• The minimum amount required to open an account.

What is a Withdrawal?

• A deposit into a bank account

• A removal of funds from a bank account

• A type of bank account

• A financial transaction fee

A deposit is:

• A type of withdrawal from a bank account

• A sum of money placed in a bank account

• A loan taken from a bank

• A financial penalty

Interest in financial terms is:

• The cost of borrowing money

• A type of investment

• A financial institution

• A government policy

What is a Checking Account?

• A type of savings account

• A type of investment account

• A type of bank account for daily transactions

• A type of loan account

What does it mean to Endorse a Check?

• To sign the back of the check to authorize its use

• To deposit the check into a bank account

• To write a new check to replace the old one

• To cancel the check

A 401(k) is a type of:

• retirement savings plan

• health insurance plan

• educational savings account

• investment portfolio

What does APR stand for and mean?

• Annual Percentage Rate

• Annual Payment Rate

• Average Percentage Rate

• Annual Percentage Ratio

APY stands for:

• Annual Percentage Yield

• Annual Profit Yield

• Annual Percentage Year

• Annual Profit Year