WorksheetsMoney WISE Quiz II
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which statement is FALSE about most ATM (Automated Teller Machine) cards?
a)
You must have an account with a financial institution to have an ATM card.
b)
You can always get cash anywhere in the world with no fee.
c)
You can generally obtain information concerning your account balance(s) at an ATM machine.
d)
You can generally get cash 24 hours a day, seven days a week
2.
The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are:
a)
Profits from business
b)
Dividends and interest
c)
Rents
d)
Salaries, wages, and tips
3.
Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able to make the call by using her:
a)
Credit card
b)
Identification card
c)
Cash card
d)
Traveler's check
4.
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back?
a)
Demand the ABC Credit Union reimburse her for Marie's unauthorized transaction
b)
File a complaint with the Federal Reserve Board to reimburse her for Marie's unauthorized transaction
c)
Demand that the bank where Marie has her checking account reimburse her for Marie's unauthorized transaction
d)
No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
5.
Which of the following provides an increase in assets or wealth?
a)
Volunteering at a hospital
b)
Taking out a loan
c)
Having capital gains
d)
Running in the marathon
6.
Money for saving, investing, or spending cannot be from:
a)
An inheritance from someone who has died
b)
Discretionary income or a gift of money
c)
Capital gains from a sale of stock
d)
Capital losses from the sale of stock
7.
Money in the United States includes:
a)
Gold
b)
Checking account balances on which checks can be drawn
c)
Barter
d)
Diamonds
8.
Purchases made with your debit card are usually:
a)
Deducted immediately from your checking accoun
b)
Deducted from your credit card balance
c)
Added to your credit card balance
d)
Put on your credit card bill as a cash advance
9.
When money is not used and goods and services are exchanged for other goods and services, this system is called:
a)
Credit
b)
Money
c)
Barter
d)
Checks
10.
To make sure you will always remember your automated teller machine (ATM) card personal identification number (PIN), you should write the PIN and keep it
a)
In your wallet
b)
In your checkbook
c)
On your ATM card
d)
In a secure place at home
100 %
