WorksheetsBanking & Personal Finance TEST
Total questions: 36
Worksheet time: 18mins
Financial institution that handles money.
ATM
Bank
Budget
Check
Which of the following allows customers to borrow money from a financial institution up to a certain limit?
Debit card
Credit card
Trust account
Safety deposit box
Which of the following is the definition of multi-factor authentication?
Storing cash in a fire-proof safe
More than one method of credential authentication to verify user identity
Training employees to identify fraudulent bank notes
Restricting access to bank locations to authorized personnel only
Which of the following allows customers to have their paycheck electronically deposited directly into their account?
Electronic withdrawal
Deposit slip
Online payment
Direct deposit
The electronic movement of money from one account to another is known as which of the following?
Electronic funds transfer
Financial electronic transaction
Electronic movement of money
Technology funds
A bank account where you deposit and withdraw money and earn interest on the balance.
your parents
a piggy bank
savings account
spendings account
Bank account that allows a customer to deposit and withdraw money.
Savings Account
Online Banking
Checking Account
Credit
A banking service allowing a customer's money to be handled and tracked.
Savings Account
Bank Account
Checking Account
ATM
Any card used repeatedly to borrow money or buy products.
Debit Card
Credit Card
Loan
Money Card
A monthly or yearly spending and savings plan.
Check
Credit
Credit Union
Budget
A non-profit financial institution.
Online Banking
Principal
Bank
Credit Union
Increase the balance in a bank account
Credit
Currency
Deposit
Fees
A written order instructing the bank to pay a specific amount of money to a specific person
Check
Fees
Interest
Debt
Any form of money that is in public circulation
Currency
Expense
Fees
Bills
A card linked to a checking account that withdraws money directly from the linked account.
Credit Card
Expense
Debit Card
Card
Money, goods, or services you owe to others.
A) Debt
B) Fees
C) Interest
D) Income
To put money into your account.
A) Exchange
B) Transfer
C) Import
D) Deposit
A cost of living, rent or groceries. Money spent.
Fees
Expense
Debt
Money
Charges for services associated with a financial institution.
Interest
Loan
Income
Fees
Money received in exchange for labor or services, from the sale of items or property.
income
expense
savings
fees
A secret combination of numbers to access your account.
PIN (Personal Identification Number)
code
passcode
password
This can be earned from a bank or paid to a lender/credit card company.
fee
loan
sales tax
interest
Someone giving money to someone in agreement of getting payed back with interest over time.
loan
fund
bond
advance
A tax charged by the state on the retail price of an item.
Income tax
Sales tax
Property tax
Online banking
Amount of money borrowed, loaned or invested NOT including interest.
interest
tax
principle
principal
To take money out of an account.
interest
savings account
withdraw
tax
When you spend more money than is available in an account
overdraft
debt
saving
borrowing
Banking via the computer by use of the internet
offline banking
online banking
line banking
banking
A budget is
reserve
a plan for spending
a plan for spending and saving
none of the above
The amount of money you EARN from having money in a savings account is called
insurance
fees
interest
principal
Which of the following allows individuals to borrow against their home's value to finance major expenses?
Home equity loan
Restructuring loan
Mortgage loan
Refinancing loan
Joint checking account is for two or more account holders.
True
False
A line of credit issued to customers to cover checks or debits exceeding the amount in their account?
Automated teller machine
Cash flow budgeting
Overdraft protection
Debt restructuring
When someone is looking for a new job or transitioning between jobs. It's always present to some degree in an economy.
Structural Unemployment
Seasonal unemployment
Cyclical unemployment
Frictional unemployment
This occurs when people lose their jobs due to weather-related reasons, such as seasonal work at ski resorts.
Seasonal unemployment
Cyclical unemployment
Frictional unemployment
Technological unemployment
When advancement in technology eliminates certain jobs. Ex. Fast-food restaurant cashiers are being replaced by kiosks. What type of unemployment is this?
Seasonal unemployment
Cyclical unemployment
Frictional unemployment
Technological unemployment
