Chapter 8 Test

Chapter 8 Test

University

•

30 Qs

quiz-placeholder

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Chapter 8 Test

Chapter 8 Test

Assessment

Quiz

•

Specialty

•

University

•

Practice Problem

•

Hard

Created by

Jennifer Sadler

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30 questions

Show all answers

1.

DROPDOWN QUESTION

30 sec • 1 pt

A bank can help you (a)   your money and keep it (b)   .

Manage; safe

Find; growing

Deposit; budgeted

Budget; available

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ashlyn and Tristin are exploring different services offered by banks. Some of the services they discover include . . .

Paying off your student loan debt and saving for your future

Creating a personalized budget for you and managing your schedule

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

Mortgages, check writing, and debit cards

3.

DROPDOWN QUESTION

30 sec • 1 pt

A savings account is for (a)   .

Investing your money

Regular spending

Long-term savings goals

The Entertainment budget line item

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cassie wants to avoid ending up with errors in her checking account. An easy way for her to do this is to simply . . .

Only use cash

Monitor her account at least twice a week

Keep all her receipts

Budget often

5.

DRAG AND DROP QUESTION

30 sec • 1 pt

Katelyn and Josie were discussing how the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) keep their money in the bank insured up to (a)   per account.

250,000

500,000

1,000,000

100,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cassie and Josie are considering where to open a savings account. They learn that credit unions differ from retail banks in that they typically require membership based on specific criteria.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Josie is considering where to keep her emergency fund. Should she put it in her checking account, NOT a money market account?

True

False

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