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Worksheets

Banking and Savings Investments

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

Which of these is NOT a Long Range goal for Seniors in High School?

a)

Buying a House

b)

Having a Finance Broker

c)

Opening a Savings Account

d)

Retirement Planning

2.

What is a good habit to develop as a young adult?

a)

Attending Parties with Friends

b)

Saving money with every paycheck

c)

Borrowing money for emergencies

d)

Living Paycheck to Paycheck

3.

Which of these is synonymous with Investing?

a)

Balance Checkbook account

b)

Having a Credit Card

c)

Retirement Plan

d)

Savings Account

4.

What determines the amount of money you can gain or lose in Investing?

a)

Principal Deposit

b)

Interest Rates

c)

Payments to Checking Account

d)

How much you Save each paycheck

5.

What is the indicator that shows your Investment is losing or gaining money in your portfolio?

a)

Checkbook balance

b)

Stock Market

c)

Bank Withdrawals

d)

Daily Purchases

6.

When do most Americans get a Retirement Plan?

a)

At age 65 years old

b)

When they get their Career Job

c)

When they get Married

d)

When they get they get their first Apartment

7.

Which of these is NOT a type of Bank account that can be used to save money?

a)

Checking Account

b)

Retirement Fund

c)

Interest Saving Account

d)

Mutual Fund

8.

Where is the US stock market located?

a)

Sunset Blvd, California

b)

Las Vegas, Nevada

c)

Miami, Florida

d)

Wall St,New York

9.

How do Banks make money from consumers?

a)

Interest rates

b)

Overdraft Protection

c)

Insufficient Funds Fees and Penalties

d)

Fees for Banking with Checks

10.

Is it a good practice to leave all of your money in a Checking Account?

a)

Yes

b)

No

11.

What type of Bank Account can you use for everyday purchases?

a)

Saving

b)

Credit Card

c)

Checking

d)

Investment

12.

What is the term for "taking money out of your bank account'?

a)

Withdrawal

b)

Deposit

c)

Banking

d)

Investing

13.

What is the term use to "put money into your bank account"?

a)

Deposit

b)

Savings

c)

Withdrawal

d)

ATM

14.

Which type of Card can be used for Banking transactions?

a)

Credit Card

b)

ATM

c)

Deposit

d)

Macys

15.

When you borrow money you must "pay back more money" based on a rate, this is called...

a)

Deposit

b)

Interest

c)

Cash on Demand

d)

Withdrawal

16.

Credit Card with a balance pays which "type" of Interest, upon existing Interest?

a)

Simple Interest

b)

Compound Interest

c)

Deposit

d)

Loan

17.

When you take out a Loan the amount in the account is called ...

a)

Credit

b)

Deposit

c)

Principal

d)

Investment

18.

What type of account allows you to "invest your money for a short period" of time?

a)

Certificate of Deposit

b)

ATM

c)

Credit Card

d)

Loan