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WorksheetsPersonal Finance Play: There's No Business Like Bank Business
Total questions: 24
Worksheet time: 58mins
What are the benefits of saving money in a bank?
What are the steps in making a savings deposit?
What is interest?
How do banks get their currency and coins?
What is the benefits of saving money in a bank for the bank?
The bank can use your money for loans to others
The bank loses money
The bank has to pay more interest
The bank cannot use your money
What does Susie suggest Sam should do with his money?
Spend it on a new toy
Buy a basketball
Save it
Buy candy
What solution does Susie offer for saving money?
Hide it in a secret place
Spend it wisely
Take it to the bank and open an account
Give it to a friend for safekeeping
What does Susie propose to do to convince Sam about saving at a bank?
Show him a video
Take him to Big Bucks Bank
Give him a brochure
Explain the benefits in detail
What does Sam call his twenty dollars?
Twenty bucks
Twenty smackers
Twenty coins
Twenty notes
What does Sam think about saving in a bank?
It's the way to go
It's unnecessary
It's too complicated
It's risky
What is the main topic of the dialogue (speaking)?
Cooking recipes
Banking and the Federal Reserve
Travel tips
Sports events
what is the meaning of saving?
The process of putting money into a property
The process of putting money to get the profit
The process of saving money through a bank
The process of putting money into a commercial venture
Match the following financial terms with their descriptions.
Investment
Put your money to work for you
Financial Planner
Professional who helps manage your finances
Budget
A plan for managing income and expenses
Gold
A precious metal often used as a store of value
Why is it important to save money?
To impress friends
To have financial security
To buy more toys
To avoid going to the bank
What is a common method to save money?
Keeping it under the mattress
Depositing it in a savings account
Giving it to a friend
Spending it all at once
What is a potential risk of not saving money?
Having too much money
Not being able to afford emergencies
Becoming too wealthy
Needing to open multiple bank accounts
The term used to describe the money you earn from a job before any deductions are taken out is called (a) .
The purpose of an emergency fund is to (a)
Which of the following is not a common feature of a checking account?
Writing checks
High interest rates
Direct deposit
ATM access
For which of the following should you save?
Purchases
Emergency fund
Wealth building
All of these
What is a benefit of having a savings account?
Unlimited withdrawals
Higher interest rates than checking accounts
Immediate access to all funds
No need to track expenses
What does Sam think about spending all his money at once?
It's necessary
It's risky
It's unavoidable
It's a great idea
Match the following reasons with their corresponding financial actions.
To track spending and savings
Creating a budget
To increase spending
Overspending
To avoid paying taxes
Tax evasion
To eliminate all expenses
Living cost-free
What are your thoughts on spending and saving money?
You can never save too much or start too early.
true
false
This is the place you can write notes about why you wrote the check in case you forget. You do NOT have to fill this out. It is optional (your choice).
