Worksheets2.0 Unit Test Checking & Linear Equations
Total questions: 41
Worksheet time: 2hrs 28mins
Name
Class
Date
1.
1. All of these are common banking fees, EXCEPT...
a)
Insufficient funds fee
b)
Overdraft fee
c)
ATM fee
d)
Account opening fee
2.
2. Which of the following is a disadvantage of using a check casher, compared to a bank?
a)
You wait longer to get your money at a check casher than at a bank
b)
You pay a higher fee to cash checks at a check casher than at a bank
c)
You can only cash checks worth more than $500 at a check casher
d)
You can cash fewer checks at a check casher than at a bank
3.
3. Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...
a)
Set up text alerts, so she will be notified of potentially fraudulent charges in the future
b)
Contact the bank immediately, so they can investigate the charge
c)
Review her receipts and the details of the transaction, so she can confirm if the charge is real
d)
Wait for the bank to contact her, so she has the complete fraud report before responding
4.
4. Which of these options correctly matches the fee with its average cost?
a)
Monthly maintenance fee - $50
b)
Overdraft fee - $35
c)
ATM fee - $35
d)
Overdraft fee - $50
5.
5. Your friend Samir very excitedly tells you about opening his new checking account. “I’m so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!” What is some advice you might give to Samir?
a)
A checking account isn’t very safe, so you should hide your money in your mattress instead
b)
A checking account is the best place to leave your money because of the high interest rates
c)
A checking account won't grow your money much because of low interest rates and fees
d)
A checking account won’t be good because it will be difficult to get your money into and out of
6.
6. Which of these bank alerts will help protect you from overdrafting your account?
a)
Unusual activity alert
b)
Low balance alert
c)
Debit card alert
d)
Profile change alert
7.
7. Which of the following is a way you can get money out of your checking account?
a)
Using your credit card to get cashback at a supermarket
b)
Withdrawing cash using an ATM
c)
Depositing a check at a bank branch
d)
Having your paycheck deposited electronically
8.
8. Joakim is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...
a)
Online bill pay can help you meet your payment deadline
b)
You can pay electronically or still have a paper check sent instead
c)
It takes a bit of time to set up initially, but it could save you time in the long run
d)
Banks require that you have a large account balance in order to use bill pay
9.
9. All of these are tips to be safe with online banking EXCEPT...
a)
Use strong passwords and different ones for each account
b)
Don’t use any part of your Social Security number as a password
c)
Keep your browser and computer or mobile device up to date
d)
Make sure you carry a written password as a backup
10.
10. Person-to-person payments are becoming more popular, so it’s a good idea to understand how they work. Which of the following is TRUE?
a)
To use a person-to-person payment, both people must have a checking account at the same bank branch
b)
Paying a cashier using your debit card is an example of a person-to-person payment because you’re both physically in the same location
c)
Each transaction with a person-to-person payment app typically has large fees attached, so you should use them sparingly
d)
Person-to-person payments are usually conducted using a smartphone app rather than a computer
11.
11. Your bank statement includes all of the following information, EXCEPT...
a)
Your credit score
b)
The statement period
c)
Any fees charged by the bank
d)
Debits and credits on your account
12.
12. Consumers utilize mobile banking mostly for which activity?
a)
Making international transfers
b)
Inquiring about their account balance
c)
Paying bills
d)
Updating their account settings
13.
13. All of the following are benefits of having a checking account, EXCEPT…
a)
You can pay bills, check your balance, and transfer money using mobile banking
b)
You can track your finances using alerts, statements, and online banking
c)
You can earn a high interest rate on the money in your account
d)
You can have your paycheck deposited automatically into your account
14.
14. Liam accidentally charged more on his debit card than he had in his checking account. His balance is now -$12.75. He is charged a $10 overdraft fee each day his account balance is below $0. He makes no other withdrawals or deposits. Which equation accurately represents his balance, y, after x days?
a)
y = -12.75x + 10
b)
y = -12.75x - 10
c)
y = 10x - 12.75
d)
y = -10x - 12.75
15.
15. A linear regression model is...
a)
a table of data that represents two sets of data
b)
an equation that represents the linear relationship between two sets of data
c)
a graph that contains all of the points from a two-column table of data
d)
a number that represents how closely two sets of data are related
16.
16. What is the slope of the linear function shown in the table below?
a)
14
b)
14/4
c)
4/14
d)
0
17.
17. A scatterplot is...
a)
A graph that shows data changing using dots connected together by lines
b)
A graph that uses rectangular bars to show how large values are
c)
A graph that shows the relationship between two data sets
d)
A graph that shows what percentage of data is related
18.
18. When the sign of the slope is negative, the line travels…
a)
up as you move from left to right
b)
down as you move from left to right
c)
horizontally
d)
vertically
19.
19. Which of the following graphs represents the equation y = -2x + 1?
a)
A.
b)
B.
c)
C.
d)
D.
20.
20. Choose the scatter plot that has a negative correlation.
a)
a.
b)
b.
c)
c.
d)
d. None of the graphs show a negative correlation
21.
Which of the following is NOT a common feature of mobile banking apps?
a)
Ability to check account balances
b)
Option to apply for a mortgage
c)
Transfer funds between accounts
d)
Receive transaction alerts
22.
What is a potential disadvantage of using a savings account compared to a checking account?
a)
Higher interest rates
b)
Limited number of withdrawals per month
c)
No access to online banking
d)
Inability to deposit checks
23.
Which of the following statements about credit cards is TRUE?
a)
Credit cards always have lower interest rates than loans
b)
Using a credit card does not affect your credit score
c)
Credit cards can offer rewards and cashback on purchases
d)
You must pay the full balance each month to avoid interest
24.
What is the primary purpose of a checking account?
a)
To earn high interest on savings
b)
To facilitate daily transactions and payments
c)
To invest in stocks and bonds
d)
To store valuable items securely
25.
Which of the following is a common feature of savings accounts?
a)
Unlimited withdrawals
b)
Higher interest rates compared to checking accounts
c)
Direct access to stock market investments
d)
No minimum balance requirement
26.
What is a key benefit of using online banking?
a)
Access to physical bank branches 24/7
b)
Ability to manage accounts and transactions from anywhere
c)
Higher interest rates on all accounts
d)
Free financial advisory services
27.
What type of slope does the following graph have?
a)
Postive
b)
Negative
c)
Zero Slope
d)
Undefined
28.
In the equation y=mx+b, what does the m represent?
a)
slope
b)
y-intercept
c)
linear
d)
point-slope
29.
What does 'b" represent in y=mx+b
a)
y-intercept
b)
macaroni
c)
nothing
d)
slope
30.
What is the slope in the equation y=2x + 3?
a)
2
b)
3
c)
5
d)
Cannot be Determined
31.
What is the y-intercept in the equation y= -2x + 5
a)
-2
b)
3
c)
5
d)
Cannot be Determined
32.
Write the equation for the line in slope-intercept form.
a)
y= -1x+3
b)
y= 4x+3
c)
y=1/4x+3
d)
y= -4x+3
33.
What is the equation of this line?
a)
y = 2x +2
b)
y = 2x -2
c)
y = -x + 2
d)
Cannot be Determined
34.
What is the y-intercept?
a)
1/2
b)
2
c)
7
d)
3
35.
Which is the graph of y= -x + 2?
a)
A
b)
B
c)
C
d)
D
36.
What type of slope does this graph have?
a)
Positive
b)
Negative
c)
Zero
d)
Undefined
37.
What type of slope does the graph have?
a)
Postive
b)
Negative
c)
Zero
d)
Undefined
38.
Which sentence describes the relationship shown on this scatter plot?
a)
As the temperature decreases, the visitors increase.
b)
As the temperature increases, the number of visitors increases.
c)
As the visitors increase, the temperature decreases.
d)
No correlation
39.
Based on the trend line, about how many guests should be expected if the temperature is around 80 degrees?
a)
8,300
b)
7,300
c)
8
d)
9,300
40.
What is the best prediction for the number of candies in the jar when 30 students visit her?
a)
90
b)
180
c)
135
d)
150
41.
Predict the grade of a student that has 7 absences.
a)
50
b)
45
c)
70
d)
60
100 %
