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Lesson 5: How Banks Work - Post-Test

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

Why do people use banks?

a)

To buy candy

b)

To keep money safe and manage it

c)

To play video games

d)

To watch TV

2.

What does a savings account help you do?

a)

Spend more money

b)

Lose track of money

c)

Save money and earn interest

d)

Buy more toys

3.

Who do you talk to at a bank if you need help?

a)

A firefighter

b)

A banker or teller

c)

A singer

d)

A chef

4.

What can you do at an ATM?

a)

Watch a movie

b)

Bake cookies

c)

Take out or deposit money

d)

Draw pictures

5.

What is interest in a savings account?

a)

Money the bank gives you for saving

b)

A new video game

c)

A bank fee

d)

Something you eat

6.

What do you need to open a savings account?

a)

A movie ticket

b)

A library card

c)

Money and identification

d)

A pet

7.

Which of these is a benefit of keeping your money in a bank?

a)

You can spend it all at once

b)

Your money is safe and can grow

c)

You lose your money

d)

You get free toys

8.

What is a deposit?

a)

Writing a letter

b)

Buying a snack

c)

Putting money into your account

d)

Taking money out of your account

9.

What is a withdrawal from your bank account?

a)

Writing a story

b)

Getting a new toy

c)

Taking money out of your account

d)

Adding money to your account

10.

Which of these is something you can do with online banking?

a)

Deposit or transfer money using a computer or phone

b)

Cook dinner

c)

Go swimming

d)

Paint a picture

11.

Why is it important to keep your bank account information private?

a)

So you can share it with friends

b)

To keep your money safe from others

c)

To get more interest

d)

So you can buy more snacks

12.

What is a checking account mainly used for?

a)

Buying video games

b)

Paying bills and making everyday purchases

c)

Saving money for a long time

d)

Cooking food

13.

Which of these is something you should NOT share with others?

a)

Your favorite food

b)

Your bank account password

c)

Your favorite color

d)

Your pet's name

14.

What does a bank statement show you?

a)

Movie times

b)

Your account balance and recent transactions

c)

The weather forecast

d)

Recipes for dinner