WorksheetsJA section 3
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
What is the money called that banks charge on loans?
a)
insurance
b)
interest
c)
debit
d)
change
2.
What is the main difference between a bank and a credit union?
a)
banks don't do car loans
b)
credit unions don't have debit
c)
credit unions don't have loans
d)
banks are for profit, credit unions aren't
3.
What is the main reason people use credit cards?
a)
buy now, pay later
b)
like to pay more
c)
love interest charges
d)
don't know what a debit card is
4.
If someone robbed the bank and took all the money, your money in that bank would still be safe. Why?
a)
rich bankers would pay you back
b)
banks are insured by the government
c)
you would hunt down the robbers
d)
Scooby Doo would find the robbers
5.
A debit card purchase is taken from your _________
a)
bonds
b)
stocks
c)
checking account
d)
savings account
6.
How much interest is charged on a debit purchase?
a)
none
b)
5%
c)
1%
d)
10%
7.
One advantage of credit cards over debit cards is that credit cards _______________
a)
are Visa and debits aren't
b)
can make you pay more for something
c)
charge interest
d)
help build a credit score
8.
This card uses a pin number and allows you to get cash back.
a)
credit
b)
debit
c)
American Express
d)
Discover
9.
Your chances of getting a loan depend on what?
a)
credit score
b)
nice banker
c)
your family
d)
your grades
10.
When you write a check, "pay to the order of" is where you put what?
a)
the name of the person/company getting the check
b)
your signature
c)
the amount in numbers
d)
the amount spelled out
11.
Your signature on a check should be?
a)
the same every time
b)
in cursive
c)
hard to copy
d)
all of the above
12.
Your checking account balance is?
a)
your paycheck
b)
the amount you owe the credit card company
c)
how much it weighs
d)
the amount of money in it
13.
Most Americans have their biggest investment in what?
a)
stocks
b)
bonds
c)
mutual funds
d)
their house
14.
Yoyo sales hit 400 this month and you sold each for $2. What is your gross income?
a)
$400
b)
$800
c)
$2
d)
unknown
15.
Cost of goods was $300, sales were $700. What is your net income (profit)?
a)
$300
b)
$700
c)
$1000
d)
$400
100 %
