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Worksheetseconomics
Total questions: 13
Worksheet time: 7mins
Name
Class
Date
1.
What is a place that keeps your money safe and lends and borrows money?
a)
a bank
b)
Ameritowne
c)
your parents
d)
a college
2.
What do you do if you want to take money out of your account?
a)
Ask nicely and say please
b)
Write a check to someone
c)
Make a withdrawal
d)
Make a deposit
3.
Which account earns interest from a bank and is good for saving for a long term goal?
a)
Checking Account
b)
Credit Card
c)
Savings Account
4.
How can a business or a person borrow money from a bank?
a)
Ask pretty please
b)
Use your credit card
c)
make a withdrawal from your account
d)
apply for a loan
5.
How do you pay someone money from your checking account?
a)
Make a deposit
b)
Write them a check
c)
Use your credit card
d)
Write them an IOU
6.
How do you put money into your checking account?
a)
Fill out a deposit slip
b)
Make a withdrawal
c)
Ask your mom
d)
Bring it to the bank and just tell them what you want
7.
What is usually on a deposit slip?
a)
your signature
b)
your account number
c)
the amount of checks and cash you want to deposit
d)
all of the above
8.
Do you have to sign the back of your check to deposit it in the bank?
a)
yes
b)
no
9.
Where do you keep track of how much money is in your account?
a)
on a sticky note
b)
keep all the checks you ever write
c)
in your check register
d)
in your notebook
10.
What is a card that you can take money out of a machine OR use at a store to pay for something out of your checking account?
a)
a debit card
b)
a credit card
c)
a birthday card
d)
a playing card
11.
What is a card that lets you pay later but that you get a bill for at the end of every month?
a)
a debit card
b)
a credit card
c)
a birthday card
d)
a playing card
12.
What is money that you can earn in your savings account or that you have to pay back on a loan?
a)
lucky money
b)
a loan
c)
interest
d)
tips
13.
What is risk and reward in investing?
a)
You are rewarded for investing no matter what.
b)
If you take a big risk in your investment, you can get a big reward.
c)
If you don't take a big risk in your investment, you probably won't get a big reward.
d)
Both B & C
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