Unbanked Quiz

What does it mean to be unbanked?

• Using only online banks

• Having both checking and savings accounts

• Not using banks or credit unions at all

• Only using mobile payment apps

What is a depository institution?

• A store where you can deposit cash

• A place that sells payroll cards

• A legally approved bank or credit union that holds and lends money

• An ATM machine that stores money

What is one major con of using a mobile money app?

• You can't use it for online purchases

• You must have a payroll card

• There is a risk of hacking or fraud

• It’s only available in stores

When is a payroll card most useful?

• When you want to split bills with friends

• When you already have a savings account

• When you don’t have a bank account and work a temporary job

• When you're making frequent international purchases

What is one drawback of using a payroll card?

• You can deposit money from any source

• You have to link it to a mobile app

• Only your employer can put money on it

• You can’t make any purchases