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WorksheetsBanking Services
Total questions: 15
Worksheet time: 19mins
Why would you want to have a savings account?
To put money towards retirement.
It is safe and ensured while kept in the bank.
Purchases are easier through savings accounts.
To show that you have money.
Which of the following choices below is NOT a type of savings account?
retirement
CD- Certificate of Deposit
safe deposit box
an account that lets you withdraw money
When putting money into the bank you are making what?
(a)
When taking money out of the bank, what are you doing?
(a)
What are two things to consider when choosing a bank?
Which of the below is NOT a reason to get a checking account?
You can deposit your paycheck.
You can use your account to pay bills.
Checking accounts help you track how you spend money.
So your friends and family have access to your funds.
A fee is the money charged for a service. True or False
(a)
What is used to track money spent from an account
register
budget
customer service representative
checkbook
What is it called when you spend more money than you have in your account?
When purchasing goods when you don't have the money right away, you are using...
bad judgement
credit
loan
debt
T or F the money you have available to spend from your account is called your register.
(a)
It is important to manage money wisely so that you keep the highest score possible. This score is your...
social security number
checking account
credit rating
routing number
Which of the following is NOT considered when planning a budget?
expenses
monthly income
credit rating
wants and needs
Which of the following could be classified as a 'need'?
a new outfit from Pink for the weekend
having lunch with Miller
paying for gas
buying Mrs. Taylor and Ms. Clark Diet Cokes
When determining your budget, what should be considered?
the right bank
having more income than expenses
ability to afford all wants and needs
all of the above
