NEW
Font size
S
M
L
XL
WorksheetsPersonal Finance Scenarios
Total questions: 17
Worksheet time: 9mins
Name
Class
Date
1.
A sum of money to be used for a particular purpose.
a)
budget
b)
debit card
c)
credit card
d)
checking account
2.
Like a credit card, but it takes money directly from your bank account.
a)
budget
b)
debit card
c)
credit card
d)
checking account
3.
A card that lets you buy goods and services based on a promise to pay later.
a)
budget
b)
debit card
c)
credit card
d)
checking account
4.
A bank account where the depositor can write checks.
a)
budget
b)
debit card
c)
credit card
d)
checking account
5.
A bank account where money is stored and returns a low interest rate.
a)
budget
b)
credit card
c)
savings account
d)
checking account
6.
A(n) _________is a check that is dishonored because of insufficient funds.
a)
Overdraft
b)
Statement
c)
Cleared Check
d)
Bad Check
7.
A(n) _________occurs when withdrawals have gone over the available amount.
a)
overdraft
b)
statement
c)
cleared Check
d)
check Register
8.
A(n) _________is a check that has been honored and processed.
a)
Overdraft
b)
Statement
c)
Cleared Check
d)
Bad Check
9.
A(n) _________ is a record book used to keep track of all transactions.
a)
Overdraft
b)
Statement
c)
Cleared Check
d)
Check Register
10.
A(n) _________ is a document published by your bank that details all transactions for the month.
a)
Overdraft
b)
Statement
c)
Cleared Check
d)
Check Register
11.
Your account was charged $30.00 for an overdraft fee. What is an overdraft
fee?
fee?
a)
A fee for maintaining your account.
b)
A state tax.
c)
A fee for over spending.
12.
You and your friends go out to eat at the Olive Garden. You want to pay for everyone, but your food jar doesn't have enough money in it to cover the meals. What do you do?
a)
Take all the money from your food jar and take the rest out of your vacation jar.
b)
Take all the money from your food jar and take the rest out of your car payment jar.
c)
Take all the money from your food jar and take the rest out of your rent jar.
d)
Don't buy the food for everyone this time, plan for the future.
13.
Your job paid you $1000.00. Your rent is $450.00, your car payment is $210.00, and your utilities bill is $90.00. What is the total amount of money left over?
a)
$250.00
b)
$300.00
c)
$290.00
d)
$260.00
14.
You see a new shirt in the mall and you just can't leave without it. The shirt is on sale for $100. You want to pay for it with your credit card but you only have $75 in your clothes
jar. What do you do?
jar. What do you do?
a)
Don't buy the shirt. Wait until you have enough money in your clothes jar before
using the credit card.
using the credit card.
b)
Take the money from your clothes jar and take the rest of the $25 out of your other
expenses jar.
expenses jar.
c)
Take all of the money from your cell phone payment jar and leave the $75 in your
clothes jar to buy more clothes another day.
clothes jar to buy more clothes another day.
d)
Take all the money from the Entertainment jar.
15.
You walk outside only to find that your car has been towed because you were parked illegally. You paid the towing company with a check and took this unexpected expense from which jar?
a)
Entertainment
b)
Utilities
c)
Reserves
d)
Car
16.
You go to the gas station to fill up and you pay with cash. Which jar do you take money from?
a)
Food
b)
Car
c)
Other Expenses
d)
Entertainment
17.
You and your friends went to Cancun, Mexico for spring break. You spent all of the money in your vacation jar at the nice restaurants on the beach, but now you want to buy souvenirs for your family. What do you do?
a)
Take money from your car jar and understand that you will have to use less gas for the
month.
month.
b)
Take money from your hair jar and skip a hair appointment.
c)
Take from your college savings jar knowing that you can replace the money another
Day.
Day.
d)
Charge everything on your credit card and hope for the best.
Reset
