Biztown Test Review

Biztown Test Review

6th Grade

25 Qs

quiz-placeholder

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Biztown Test Review

Biztown Test Review

Assessment

Quiz

Geography

6th Grade

Medium

Created by

Brandy Ferguson

Used 36+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a financial institution?

a credit card

a checking account

a bank

a safe deposit box

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount you have left over from your paycheck after taxes and deductions are withheld is called....

balance

gross balance

transaction

net pay

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is the only time that you will sign a deposit ticket?

when you fill in the less cash received section

if the amount you're depositing is over $500.00

you always sign your deposit ticket

when you forget to bring your driver's license into the bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a service offered by banks?

savings accounts

safe deposit boxes

reimbursement of cash if lost

credit cards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a debit card and a credit card?

A debit card is used when you can spend money but have to pay it back at the end of the month with interest. A credit card is used when you can spend money and it comes automatically out of your bank account.

A debit card is used when you can spend money and it comes automatically out of your bank account. A credit card is used when you can spend money but have to pay it back at the end of the month with interest.

A debit card is used when you can spend a set amount of money but once that money is spent, you can't use it anymore.

A debit card is used when you have to call the bank every time you want to add money to your card. A credit card has an endless amount of money on it.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean if there is scarcity of an item?

the item is unavailable

the item is not in high demand at that moment

the item is in very high demand and is expensive

the item is in low demand and cheap to purchase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You're at Target and see a new movie, a pair of shoes, and a bag of candy that you want to buy. You think the items total will be around $40.00. Before you go to the cash register to pay for your items, you must check your ______________.

your check book to make sure you have a check

transaction

deposit

balance

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