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BizTown Financial Literacy test review Flashcards | StudBud
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BizTown Financial Literacy test review
BizTown Financial Literacy test review
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Financial Literacy test for BizTown
Flashcards
13 cards
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Practice quiz
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Host live
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Questions
13
Answers
1
2. Which SERVICES is a bank likely to offer?
b. savings account
a. a cup of coffee
d. net deposit
c. online banking
2
5. You can continue to WRITE CHECKS as long as you have checks in your checkbook.
TRUE
FALSE
3
Sample Question # 1. BizTown teaches students about Financial Literacy.
FALSE
TRUE
4
8. Credit cards and debit cards are essentially the SAME thing.
TRUE
FALSE
5
7. A direct deposit is when YOU take your paycheck directly to the bank after you receive it.
FALSE
TRUE
6
What does the memo tell us? (Number 6)
Why the check is written
Who they are paying
Signature
The amount
7
A payee is the one receiving the money
False
True
8
Sample Question #2 What town is our BizTown facility located in that we will be going to?
Des Moines
Iowa City
Lewes
Wilmington
9
9. Find the answer that ends this sentence INCORRECTLY: Banks offer different kinds of accounts
a. because dIfferent customers have different needs.
d. because they want to get people's business.
b. because there are many types of bank clients.
c. because the law tells them they have to.
10
1. Which of the following are FINANCIAL INSTITUTIONS? Be careful! There might be more than one!
d. museum
a. bank
b. library
c. credit union
11
6. All bank transactions should be recorded in the register. T F
TRUE
FALSE
12
Which of the following do you need to pay back with interest?
Debit card payments
Credit card payments
Gift card payments
Cash paymenets
13
3. When DEPOSITING money into an account, you need to ALWAYS:
d. sign your deposit ticket
b. thank the teller
a. include your account number
c. swipe your credit card
