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Worksheets

Bank Accounts and Consumerism

Total questions: 31

Worksheet time: 16mins

Name
Class
Date
1.
Where is a safe place to store your money?
a)
Bank, building society or credit union.
b)
A bank in Iceland.
c)
A Christmas hamper company.
d)
A piggy bank
2.
Banks store money and lend money. True or false?
a)
true
b)
false
3.
Savers earn interest. True or false?
a)
true
b)
false
4.
Borrowers pay interest on their loans. True or false?
a)
true
b)
false
5.
A current account is used for what?
a)
Storing our money and everyday transactions
b)
Saving money
c)
Long term borrowing of money
6.
A savings account earns interest on the balance, true or false?
a)
true
b)
false
7.
The bank will charge you a daily charge on your overdraft balance, true or false?
a)
true
b)
false
8.

Withdraw

a)

Keeping track of money

b)

Taking money out of bank account

c)

Putting money in bank account

9.

Bank Account

a)

Proof of Identification

b)

A plastic card used to withdraw money

c)

A agreement between made with a bank to keep your money.

10.

Income

a)

Money earned from working

b)

Putting money in a bank account

c)

Tracking where you spend money

11.

Deposit

a)

Taking money out of your bank account

b)

A plastic card used to make purchases

c)

Putting money in your bank account

12.

Where does a debit card withdraw money from?

a)

A fundraiser

b)

Your savings account

c)

Your checking account

13.

What does PIN stand for?

a)

Personal Item Number

b)

Personal Identification Number

c)

Personal Item Name

14.

Why should you keep your PIN safe?

a)

To keep people from stealing your bank account info

b)

To make sure you have income

c)

To make withdraws from your checking account

15.

Where do you get checks from?

a)

The mall

b)

Amazon

c)

Your bank

16.

How many numbers does a PIN code have?

a)

6

b)

4

c)

18

17.

You must have a bank account in order to get a debit card

a)

False (no)

b)

True (yes)

18.

Do you write the date on a check?

a)

Yes

b)

No

19.

You must be 18 to apply for a bank account.

a)

True (yes)

b)

False (no)

20.

Something you can use or consumer.

a)

Goods

b)

Services

c)

Rebates

d)

Media

21.

Actions or an action that someone does for you.

a)

Services

b)

Goods

c)

Online Shopping

d)

Consumer

22.

A person who purchases goods and services for personal use.

a)

Buyer

b)

Seller

c)

Endorser

d)

Consumer

23.

Things required for survival or productivity.

a)

Wants

b)

Goods

c)

Needs

d)

Services

24.

Things people enjoy owning/using but are not necessary for survival.

a)

Needs

b)

Wants

c)

Consumer

d)

Services

25.

A card issued by a bank or business, allowing the holder to purchase goods or services on credit.

a)

Debit Card

b)

Coupon Card

c)

ATM Card

d)

Credit Card

26.

buying goods without planning to do so in advance, as a result of a sudden whim.

a)

Skillful shopper

b)

Common Sense

c)

Online Shopping

d)

Impulse Buying

27.

Card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

a)

Debit Card

b)

Coupon Card

c)

ATM Card

d)

Credit Card

28.

An announcement in a public medium promoting a product, service, or event.

a)

Advertisement

b)

Endorsement

c)

Media

d)

Online Shopping

29.

a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the internet using a web browser.

a)

Advertisement

b)

Impulse Buying

c)

Online Shopping

d)

Purchases made at a store

30.

Your beginning balance is $475. Your rent is due which is $150 and your cell phone bill is $55. How much is your ending balance after paying your bills?

a)

$280

b)

$270

c)

$185

d)

$55

31.

Your beginning balance is 536.75, but your car payment is 208.92. Next, your car insurance is 182.73 and groceries cost 76.23. Your income direct deposited your weekly check of $300, but your rent is $400. If your bank covers the overdraft and charges you a $35 fee, what is your ended balance?

a)

-31.13

b)

-51.13

c)

-66.13

d)

-86.13