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WorksheetsMoney Management Test Review
Total questions: 11
Worksheet time: 4mins
Name
Class
Date
1.
Match the correct vocabulary term:
A bank account where a depositor can write checks.
A bank account where a depositor can write checks.
a)
Checking Account
b)
Savings Account
2.
Match the correct vocabulary term:
A bank account where money is stored and earns a low interest rate.
A bank account where money is stored and earns a low interest rate.
a)
Savings Account
b)
Checking Account
3.
Which of the following matches a budget?
a)
An expense that stays that same each month.
b)
A sum of money to be used for a particular purpose.
c)
An expense that is unexpected.
d)
...uh, what's a budget?
4.
This type of card can be used on a promise to pay back later.
a)
debit card
b)
credit card
c)
baseball card
5.
What is the difference between unexpected and expected expenses?
a)
Unexpected: An expense that is planned. Expected: An expence that is not the same each month.
b)
Expected: An expense that is planned. Unexpected: An expense that is not the same each month.
6.
A written document to a bank to pay a stated amount from a checking account?
a)
Money
b)
Check
7.
What is the difference between deposit and withdraw?
a)
Deposit: Act of putting a sum of money into a specific account. Withdraw: Act of removing money from a specific account.
b)
Withdraw: Act of putting a sum of money into a specific account. Deposit: Act of removing money from a specific account.
8.
Match the vocabulary terms:
A document published by your bank that details all transactions for the month.
A document published by your bank that details all transactions for the month.
a)
Check Register
b)
Account Statement
9.
This number that identifies you as the owner of a specific banking account?
a)
Social Security Number
b)
Account Number
c)
Phone number
10.
You will have to pay extra money to a credit card company if you do not pay your whole bill off each money.
a)
True
b)
False
11.
What document allows you to deposit money into a checking/savings account?
a)
deposit slip
b)
check
c)
account statement
d)
scratch paper
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