Financial Literacy: Banking Quiz
Authored by Barbara Scully
Life Skills, Education
9th - 12th Grade
Used 9+ times
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14 questions
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1.
OPEN ENDED QUESTION
2 mins • Ungraded
Give 2 reasons why a bank or credit union is better than a piggy bank?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What amount is covered for each depositor per account in an FDIC insured bank?
$150,000
$200,000
$250,000
$350,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The checking account balance you see on your banking app is always correct.
True
False
4.
OPEN ENDED QUESTION
3 mins • Ungraded
What would be the 3 most important factors that you would consider when deciding which depository institution fits your needs? Explain.
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5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overdraft fee may be charged if your balance falls below 0 in your checking account when using your debit card.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person can earn and be charged interest.
True
False
7.
OPEN ENDED QUESTION
2 mins • Ungraded
What is the difference between a checking account and a savings account?
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OFF
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