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Banking Basics

Total questions: 10

Worksheet time: 23mins

Name
Class
Date
1.

Which type of account is used for everyday transactions (Now Money) using a debit card or writing a check?

a)

Savings Account

b)

Checking Account

c)

XBox Live

d)

Apple Pay

2.

Which is NOT a Financial Institution?

a)

Brick and Mortar Bank

b)

Internet Bank

c)

Credit Union

d)

Raising Cane's Chicken Fingers!

3.

Which type of account is used to store money for an emergency or long term goals (Later Money)?

a)

Checking

b)

Savings

c)

Business

d)

Credit

4.

You can earn a little interest on your money with a ________ account

a)

Facebook

b)

Savings

c)

Checking

5.

Interest can be earned...

a)

Daily

b)

Weekly

c)

Monthly

d)

All The Above

6.

TRUE or FALSE? Managing your money is important?

a)

False

b)

True

7.

Give one reason why managing your money is important.

4 lines
8.

What information is NOT seen on a personal check?

a)

Name

b)

Address

c)

Date

d)

Social Security Number

9.

Where is the safest place to keep your money?

a)

The Bank

b)

Under my bed

c)

Buried like treasure

10.

What is NOT a method of payment?

a)

Cash

b)

A Promise

c)

Debit Card

d)

Check