Banking & Finance PreTest

My family is going on vacation this summer, so we are sticking to a ______ to save money.

• Income

• Savings

• Budget

• Expenses

An 8th grader makes and sells earrings as a way to earn extra money. The money she gets is considered _______.

• Needs

• Wants

• Income

• Expenses

When I use my debit card at the store, the money is automatically taken out of my ______ account.

• Savings

• Checking

• Inflation

• Withdraw

When I need to ______ money from my checking account, I can use my debit card at an ATM.

• Overdraw

• Inflation

• Balance

• Withdraw

Putting money into the bank is called a...

• deposit

• loan

• interest

• withdrawal

Taking money out of an account is called a...

• deposit

• loan

• interest

• withdrawal

What are two types of bank accounts?

• credit and debit

• checking and savings

• business and school

Liam wants cash from his bank, but it is closed, He will use the ATM. What will he use?

• credit card

• debit card

• savings account

Jacayla wants to buy lunch for her friends but doesn't have any cash, and the restaurant will not take a check.

• debit card

• checking account

• online banking

This payment method allows you to make purchases when you don't have enough money available.

• Cash

• check

• debit card

• credit card