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WorksheetsJA Biztown Financial Services Quiz
Total questions: 23
Worksheet time: 12mins
Which option lists financial institutions?
banks and credit unions
libraries and schools
clothing and food shops
credits and debits
Which services is a bank likely to offer?
balance and net deposit
savings and checking accounts
advertising and Web searches
time management
What is private property?
property that the government owns
property that is free
property that no one can see
property that you own
What is required on a bank application?
transaction list
full name
checkbook number
health ID number
Which bank service do you need for money to start a new store?
business loan
savings account
safe deposit box
electronic payment
Which type of institution is at the center of JA BizTown's economy?
educational
entrepreneurial
financial
social
Which action is required when depositing money into an account?
include your account number
list your income
swipe your credit card
sign your deposit ticket
What is the purpose of a paycheck?
to show proof of income
to be sure you have money
to keep track of your withdrawals
to give you money in exchange for work
Where do you endorse a paycheck?
on the back
in the memo section
in the money tracker
after 'Pay to the Order of'
What happens when you have insufficient funds in your bank account?
required withdrawal
record transaction
high fee
electronic payment
Which is a responsible action to make with your money?
spend it
track it
give it all away
barter it
Which right does the U.S. Constitution protect?
right to keep private property
right to be responsible
right to a bank account
right to endorse your paycheck
What does a savings account allow you to do?
use a money tracker
have money on hand for unexpected expenses or emergencies
get money out of the bank
have more spending money now
How does your money increase in a savings account?
The bank pays because it uses your money for other investments.
It grows by sitting in the bank account
Your money is multiplied by other people's money.
The longer you leave you money in savings account, the more it grows by a government-set rate
Why should you Pay Yourself First (PYF) when you receive money?
because it is easy
because it helps your savings grow
because it keeps track of your money
because it will help banks make more money
Making an electronic payment is one of several ways to do what?
use a savings account
check your bank balance
get money out of the bank
record a transaction in your money tracker
What would tell you how much money is in your bank account?
certificate of deposit
personal check
transaction
balance
Who protects the money in a bank's accounts?
your parents
the government
you
a private security company
You need to mail a payment to your credit card company because the online payment site is down. What is the best form of payment?
cash
check
debit card
credit card
Where does the money come from when you use a debit card to buy groceries?
your certificate of deposit
the credit company
your bank account
the government
What do you need to make an electronic payment?
account number and current date
account number and your name
debit card and your phone number
balance and credit
Which part of the money tracker do you write in to record the amount when adding money into your bank account?
withdrawal
deposit
balance
description
Which term describes why people cannot have everything they want because of limited resources?
endorsement
institutions
scarcity
economy
