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WorksheetsFinancial Literacy: Pre/Post Assessment
Total questions: 36
Worksheet time: 36mins
The proper way to communicate online is called?
Etiquette
Netiquette
Which of the following is one of the 10 Codes of Netiquette?
Use respectful language.
Name calling and offensive language are acceptable.
The term "Spam" applies to:
Giving a telemarketer permission to contact you.
Applies to the receipt of any unwanted message or call.
Email, Social Media, and Apps are ways we do what?
Communicate
Search the Internet
Which of the following is using good Netiquette?
Posting negative things about someone on social media.
Share with discretion.
What are two types of bank accounts?
Checking and Savings
Savings and Deposits
Which account has a Debit card?
Checking Account
Savings Account
This account offer higher interest rates?
Checking Account
Savings Account
Checks can be written from this account?
Checking Account
Savings Account
What does FDIC stand for?
Funds Deposit Insurance Coverage
Federal Deposit Insurance Corporation
True or False: FDIC protects you if your bank fails.
True
False
True or False: When you deposit your money at a community bank or online
bank your money is insured by the FDIC up to $250,000.
True
False
True or False: A savings account lets you put money aside that you don’t need
immediately?
True
False
A checking account allows you to:
Pay bills, write checks, transfer money, and spend money
Take out student loans
What documents do you need to open a bank account?
A savings account
A form of identification and proof of address
Which of the following is the quickest way to get money into your bank account?
Mobile Deposit
Check payment
Which of the following is a way to get money out of your bank account?
ATM Deposit
ATM Withdrawal
Your bank will send a checking account statement
Every month
Twice a year
True or False: A checking account statement has the ending balance?
True
False
True or False: A checking account statement has a statement period?
True
False
Which account has a limited amount of transactions?
Checking Account
Savings Account
What is a debit?
Money subtracted from your checking account
Money added to your checking account
What is a credit?
Money added to your checking account
Money subtracted from your checking account
What is a transaction?
An easy way to keep track of your money
A record of money that has moved in and out of your bank account
What is a debit card?
Payment card connected directly to a bank account
Payment identity card
What is a deposit?
Cash and check purchases
Money put into your account
What is a withdrawal?
Money taken out of your account
Checks and transfer funds
You can use a debit card for?
Making purchases
Making a loan
You can use a debit card to withdraw money from?
A credit card
An ATM Machine
You need a _________ to use your debit card?
Pin Number
Barcode Number
The best way to improve your online banking security is using a?
Smartphone
Passcode
True or False: Direct Deposit is when your paycheck is deposited electronically into your bank account by your employer?
True
False
Instead of using a physical card at the store, you can use your __________,
which stores your bank card information?
Debit card
Mobile Wallet
Juan saved $500.00 from his summer job cleaning pools. Which of these account types would work best for him if he doesn't need to spend the money right now and want to earn a higher interest rate?
Checking Account
Savings Account
Which of the following is an effective strategy for personal saving?
Cover all of your wants and needs and save whatever is left over
Save a certain percentage of each paycheck and deposit it directly into
a savings account.
Which of the following transactions will REDUCE your checking account balance immediately?
Using your debit card to pay for groceries at the supermarket
Depositing a check into your account
