WorksheetsUnit 2 Checking & Linear Equations Unit Practice Assessment
Total questions: 26
Worksheet time: 13mins
All of these are common banking fees, EXCEPT...
Insufficient funds fee
Overdraft fee
ATM fee
Account opening fee
Which of the following is a disadvantage of using a check casher, compared to a bank?
You wait longer to get your money at a check casher than at a bank
You pay a higher fee to cash checks at a check casher than at a bank
You can only cash checks worth more than $500 at a check casher
You can cash fewer checks at a check casher than at a bank
Isabella notices her bank statement includes a $25.72 charge from Shell Gas that she does not remember making. She should do all of the following, EXCEPT...
Set up text alerts, so she will be notified of potentially fraudulent charges in the future
Contact the bank immediately, so they can investigate the charge
Review her receipts and the details of the transaction, so she can confirm if the charge is real
Wait for the bank to contact her, so she has the complete fraud report before responding
Which of these options correctly matches the fee with its average cost?
Monthly maintenance fee - $50
Overdraft fee - $35
ATM fee - $35
Overdraft fee - $50
Your friend Samir very excitedly tells you about opening his new checking account. “I’m so glad they only had a minimum opening amount of $50! I will leave my money in there so it can grow!” What is some advice you might give to Samir?
A checking account isn’t very safe, so you should hide your money in your mattress instead
A checking account is the best place to leave your money because of the high interest rates
A checking account won’t grow your money much because of low interest rates and fees
A checking account won’t be good because it will be difficult to get your money into and out of
Which of these bank alerts will help protect you from overdrafting your account?
Unusual activity alert
Low balance alert
Debit card alert
Profile change alert
Which of the following is a way you can get money out of your checking account?
Using your credit card to get cashback at a supermarket
Withdrawing cash using an ATM
Depositing a check at a bank branch
Having your paycheck deposited electronically
Joakim is hesitant to set up online bill pay with his credit union account. All of these are benefits of online bill pay you could share with him EXCEPT...
Online bill pay can help you meet your payment deadline
You can pay electronically or still have a paper check sent instead
It takes a bit of time to set up initially, but it could save you time in the long run
Banks require that you have a large account balance in order to use bill pay
All of these are tips to be safe with online banking EXCEPT...
Use strong passwords and different ones for each account
Don’t use any part of your Social Security number as a password
Keep your browser and computer or mobile device up to date
Make sure you carry a written password as a backup
Your bank statement includes all of the following information, EXCEPT...
Your credit score
The statement period
Any fees charged by the bank
Debits and credits on your account
Consumers utilize mobile banking mostly for which activity?
Making international transfers
Inquiring about their account balance
Paying bills
Updating their account settings
All of the following are benefits of having a checking account, EXCEPT...
You can pay bills, check your balance, and transfer money using mobile banking
You can track your finances using alerts, statements, and online banking
You can earn a high interest rate on the money in your account
You can have your paycheck deposited automatically into your account
Sophia's checking account had a balance of -8.50 after she made a purchase. Her bank charges a $12 overdraft fee for each day her account remains negative. She does not make any deposits or withdrawals. Which equation best represents her account balance, y, after x days?
y = -8.50x + 12
y = -12x - 8.50
y = 12x - 8.50
y = -8.50x - 12
A linear regression model is...
a table of data that represents two sets of data
an equation that represents the linear relationship between two sets of data
a graph that contains all of the points from a two-column table of data
a number that represents how closely two sets of data are related
What is the slope of the linear function shown in the table below?
a. 14
b. 14/4
c. 4/14
d. 0
A scatter plot is...
A graph that shows data changing using dots connected together by lines
A graph that uses rectangular bars to show how large values are
A graph that shows the relationship between two data sets
A graph that shows what percentage of data is related
When the sign of the slope is positive, the line travels...
up as you move from left to right
down as you move from left to right
horizontally
Vertically
Which of the following graphs represents the equation y = -2x + 1?
[Graph a]
[Graph b]
[Graph c]
[Graph d]
Choose the scatter plot that has a negative correlation.
None of the graphs show a negative correlation
Write an equation that represents the pattern, where x represents the figure number and y represents the number of squares in the figure.
y = 4x + 1
y=5x+4
y = x + 4
y = 5x
What type of correlation does the picture below show?
Positive correlation
Negative correlation
Neither
Positive Correlation
Negative Correlation
Neither
Assuming a linear relationship, find the missing value in the table below.
0
2
4
8
Find the slope
−31
−3
31
3
What is the rate of change(slope) of the function y=4x+1?
1/4
The table below represents a linear function. Identify the slope of the function.
2
1/2
-2
-1/2
