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WorksheetsMoney Management
Total questions: 34
Worksheet time: 29mins
Name
Class
Date
1.
Net pay is your take home pay?
a)
True
b)
False
2.
___________________ is a charge for borrowed money generally a percentage of the amount borrowed.
a)
Debit
b)
Price
c)
Extension
d)
Interest
3.
___________________ is the amount of wages earned by an employee before the appropriate taxes and deductions are taken out.
a)
Net Income
b)
Gross Income
c)
Complete Income
d)
Incomplete Income
4.
Which card is used to make purchases and the money is automatically deducted from your account?
a)
Debit Card
b)
Credit Card
c)
ATM Card
5.
Creating a budget and following it can help you stay out of debt.
a)
True
b)
False
6.
You can be charged a service fee for withdrawing your own money from an ATM machine.
a)
True
b)
False
7.
A checking account is
a)
An interest bearing account where your deposit remains for a set period of time
b)
An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.
c)
A computer that checks your email account
8.
A password or identification number entered to use a debit card is called a(n)
a)
ATM.
b)
PIN.
c)
date.
d)
verification number.
9.
If you use an ATM that is not sponsored by your bank, you may be...
a)
given extra money.
b)
given a hug.
c)
given ice cream.
d)
charged a service fee.
10.
If you want to deposit a check in your account and not cash it, you should write _____ on the back to make sure no one else can cash it.
a)
Your signature
b)
For Deposit Only
11.
Money taken out of your checking account.
a)
withdrawal
b)
stop payment
c)
endorsement
d)
outstanding
12.
The person who writes a check is called the payee.
a)
True
b)
False
13.
Which of the following refers to the payee's signature on the back of the check?
a)
signature card
b)
check register
c)
endorsement
d)
bank statement
14.
If you lose a check and want to prevent someone else from using it, you can issue this type of order to the bank.
a)
stop payment
b)
demand deposit
c)
outstanding check
d)
cancelled check
15.
2.) How old do you have to be to open a checking account?
a)
12
b)
18
c)
2
d)
16
16.
Which of the following is not something that you fill out on a check?
a)
your signature
b)
the date
c)
your birthdate
d)
who the check is made payable to
17.
You have $90.43 in your bank account and you make a deposit. Your account balance will:
a)
Increase
b)
Decrease
18.
You have $100 in your account and you write a check for $70. Your new balance is:
a)
$30
b)
$50
c)
$120
d)
$170
19.
You have $17.93 in your account. Which check can you NOT write?
a)
$7.93
b)
$8.93
c)
$17.93
d)
$18.93
20.
Katy's account balance is $400. She deposited $300 and received $200 in cash back. Her new balance is:
a)
$400
b)
$500
c)
$600
d)
$700
21.
A machine that allows people to complete certain transactions from the machine withour human assistance.
a)
Mobile Banking
b)
Automated teller Machine
c)
Online Banking
22.
Identify 1
a)
Account Owner
b)
Payee
c)
Signature
23.
Identify 10
a)
Account Number
b)
Routing Number
c)
Check Number
24.
Identify 11
a)
Account Number
b)
Routing Number
c)
Check Number
25.
Identify 4
a)
Payee
b)
Amount of check
c)
Signature line
26.
Identify 11
a)
Account Number
b)
Routing Number
c)
Check Number
27.
What are some items that you would save for?
a)
emergency fund
b)
college tuition
c)
car
d)
all of the above
28.
Where is the best possible place to store you PIN number?
a)
written on your card in marker
b)
written on a sheet of paper in your wallet
c)
written at home in your journal
d)
You should just remember the number and not have it written down anywhere.
29.
What is a debit card?
a)
it's like a check but comes out of your account automaically
b)
It's more convient than a check
c)
Your use your PIN number to make purchases
d)
all of the above
30.
A ________ is a monthly plan used to keep track of your spending and determine your needs from your wants. It helps you reach financial goals that you set.
a)
interest rate
b)
budget
c)
check register
d)
plan for success
31.
What should you do if you lose you debit card?
a)
wait a week to see if you do find your card
b)
backtrack your steps and try to find it
c)
report it to your bank so they can cancel your card and issue a new card
32.
Many banks now have apps where you can check your account from your phone and even deposit a check safety.
a)
True
b)
false
33.
If you receive an e-mail from your bank asking you to verify your password, you should click on the link and provide the information requested.
a)
True
b)
False
34.
The advantage of using your _________________________ is that you always know your account balance.
a)
phising
b)
deposit slips
c)
checkbook register
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