NEW
Font size
S
M
L
XL
WorksheetsPre Assessment Money, Banking, Saving and Investing
Total questions: 15
Worksheet time: 15mins
Name
Class
Date
1.
A debit card uses borrowed money.
a)
True
b)
False
2.
If an emergency were to happen you would want your assets to be as ________ as possible.
a)
Solid
b)
Liquid
c)
Fluid
d)
Stable
3.
How do banks make money?
a)
Refinancing
b)
Savings Deposit
c)
Interest on Loans
d)
Debit Card
4.
What is a benefit of saving?
a)
Higher Interest Rates
b)
Lower Credit Score
c)
Can Reinvest Earned Money
d)
Won't Have Interest on Loans
5.
Compound interest does not build on already acquired interest.
a)
True
b)
False
6.
When investing, which is typically correct?
a)
Greater Risk, Greater Return
b)
None of the Above
c)
Greater Risk, Less Return
d)
Lower Risk, More Return
7.
Which credit score is best?
a)
415
b)
720
c)
564
d)
813
8.
When I send money to my friend a good way is by using a check.
a)
True
b)
False
9.
Money is anything that is generally accepted as a means of payment.
a)
True
b)
False
10.
Johnny is buying a new truck. Which loan would be best for him to take out?
a)
Commercial Loan
b)
Consumer Loan
c)
Mortgage Loan
d)
Short-Length Loan
11.
What word fits the following definition best? A plan for spending and saving, based on one's income and estimated expenses.
a)
Social Security
b)
Liquidity
c)
Budget
d)
Company Retirement
12.
Was the purchasing power of a dollar in 1947 greater or less than 2007?
a)
Greater Than
b)
Less Than
13.
Bartering is when you pay money for an item.
a)
True
b)
False
14.
Bills and coins circulating throughout the economy are know as...
a)
Banknotes
b)
Fiat Money
c)
Currency
d)
Financial Intermediary
15.
When taking money out of your account you can use your debit card at an ATM.
a)
True
b)
False
Reset
