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Financial Management Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Where is the signature on a credit or debit card?

a)

Front of card

b)

Back of card

c)

No place for a signature on the card

d)

Under the card number

2.

What is a savings account?

a)

A for profit institution that offers personal loans, mortgages and other services.

b)

A business that provides money related services.

c)

An interest bearing account where people put money for future use.

d)

None of the above

3.

What is mobile banking?

a)

An electronic way to view account activity and pay bills via the internet and an institution's website.

b)

A written order for a bank to pay money out of the account holders account.

c)

A record of income and spending and a plan for managing money.

d)

A wireless service that allows financial transactions by using an app or web browser from a mobile device.

4.

What is a credit referring to a checking account?

a)

Deposit or an addition to the account

b)

Subtraction or a minus to the account

c)

What is on your credit report

d)

When you enter your pin number

5.

Pam needs to take money out of her account from an ATM what card will she use?

a)

Credit Card

b)

Sam's Card

c)

Debit Card

d)

Macy's Card

6.

Where do you put your signature on a check you just wrote?

a)

none of them

b)

Bottom left corner on the line

c)

Top right corner on the line

d)

Bottom right corner on the line

7.

How old can you be to open a savings or checking account?

a)

13 with a guardian

b)

20

c)

5 with a guardian

d)

18 with a guardian

8.

Why is it important to save money?

a)

Saving for a goal or something special in the future

b)

Because your parents say so

c)

So you can spend it faster

d)

Its not a good idea to save money

9.

Chris gets a monthly statement each month to pay his_____

a)

Barber

b)

Credit Card

c)

Debit card

d)

Saving account

10.

You are responsible for your financial well-being

a)

True

b)

False