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LAST HIGH SCHOOL MATH TEST EVER!

Total questions: 20

Worksheet time: 19mins

Name
Class
Date
1.
How can a young adult build a credit rating?
a)

Charge card

b)

Savings account 

c)

Cell phone account 

d)

All of the above 

2.
Who is the landlord of a property?
a)

The individual that rents the apartment 

b)

The individual that helps to find the property

c)

The individual that receives payments for renting an apartment

3.
Who is the tenant of a property?
a)

The individual who is renting the apartment

b)

The individual that helps to find the property 

c)

The individual who is offering the apartment for rent

4.
Why is a background check necessary for renting?
a)

To check a person’s credit rating

b)

To know a person’s work history

c)

To check a person’s financial stability

d)

All of the above

5.
A monthly budget should include a portion of your salary to go into savings for emergencies.
a)

True

b)

False

6.
Why is it best to keep your money in a bank account? 
a)

It is not important to keep money in a bank

b)

Money in a bank account is insured by the federal government.

c)

Banks cannot be trusted and should not be given money to save. 

7.
What are the benefits of having a banking account?
a)
ATM card
b)
Online bill pay
c)
Access to bank statements to track money 
d)
All of the above
8.

10. Give an example of a time an emergency fund would be used.

a)

unexpected events like doctor visits, car repairs, and home projects.

b)

to buy gold.

c)

to go for a movie.

d)

to have fun.

9.

State True or False:

It is important to save money for emergencies.

a)

True

b)

False

10.

A checking account allows you to pay for things in other ways than using cash - like wiring checks or using a credit card

a)

True

b)

False

11.

How old do you need to be to own a credit card?

a)

30

b)

50

c)

25

d)

18

12.

When should you pay off your credit card?

a)

Never

b)

When You Feel Like It

c)

End of the Month

d)

New Years Resolution

13.
This account allows you to withdraw money, pay a bill, or make purchases easily.
a)
Checking Account
b)
Savings Account
c)
Market Money Account
d)
CD Account
14.
This allows you to withdraw cash from your account or make payments electronically.
a)
Debit Card
b)
Loan Account
c)
Signature Card
d)
Payday card
15.
What should be written on line 6?
a)
the date
b)
the amount of the check
c)
who the check is going to
d)
your signature
16.

Always use permanent ink when writing a check.

a)

True

b)

False

17.

Where does the dollar amount go?

a)

Pay to the order of blank.

b)

Next to the dollar sign.

c)

The memo

d)

The blank under pay to the order of

18.

What is labeled 2?

a)

Date

b)

Payor

c)

Payee

d)

Signature

19.

What is labeled number 4?

a)

Date

b)

Account number

c)

Check number

d)

Amount in numbers

20.
This account allows you to deposit money at a bank for safekeeping.
a)
Saving Account
b)
Checking Account
c)
Bill Account
d)
Casino Account