WorksheetsBanking & Finance PreTest
Total questions: 25
Worksheet time: 13mins
My family is going on vacation this summer, so we are sticking to a ______ to save money.
Income
Savings
Budget
Expenses
An 8th grader makes and sells earrings as a way to earn extra money. The money she gets is considered _______.
Needs
Wants
Income
Expenses
When I use my debit card at the store, the money is automatically taken out of my ______ account.
Savings
Checking
Inflation
Withdraw
When I need to ______ money from my checking account, I can use my debit card at an ATM.
Overdraw
Inflation
Balance
Withdraw
Putting money into the bank is called a...
deposit
loan
interest
withdrawal
Taking money out of an account is called a...
deposit
loan
interest
withdrawal
What are two types of bank accounts?
credit and debit
checking and savings
business and school
Liam wants cash from his bank, but it is closed, He will use the ATM. What will he use?
credit card
debit card
savings account
Jacayla wants to buy lunch for her friends but doesn't have any cash, and the restaurant will not take a check.
debit card
checking account
online banking
This payment method allows you to make purchases when you don't have enough money available.
Cash
check
debit card
credit card
If you lose it, there is no way to get it back.
cash
check
debit card
credit card
Generally safer than cash, especially when mailed.
cash
check
debit card
credit card
Which is greater? Gross income or net income?
Gross Income
Net Income
P.I.N. stands for?
Personal Image Network
Personal Identification Number
Personal Identification Network
What currency do we use in the United States?
Euro
Peso
Cash
This card is linked to your bank account?
debit card
credit card
prepaid card
This card gives you access to a line of credit?
Prepaid card
debit card
credit card
This card is not linked to a bank account?
debit card
credit card
prepaid card
What are the different credit card systems? (Check all that apply).
American Express
Discover
Visa
Mastercard
Before money, people did what to get the things they needed? (check all that apply)
bartered
traded
sold
nothing
Which government agency is responsible for creating and tracking all of the money in the United States?
Bank
President
Federal Reserve
Federal Taxes
What are the two parts of a budget?
Income; Revenue
Debit; Credit
Income; Expense
Gains; Losses
A deduction is sometimes called......?
deductible
withholding
subtract
expense
What is another word for endorse?
endorsement
check
sign
cash
How you do calculate your net pay?
Gross pay + deductions
Gross pay + expenses
Gross pay - deductions
Net pay - deductions
