Banking with Boss

Banking with Boss

9th - 12th Grade

10 Qs

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Banking with Boss

Banking with Boss

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Billy Williams

Used 9+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

A savings account pays you

A fixed amount of money every month

Interest on your account balance

Every time you use your debit card

Interest on the amount you borrow

2.

MULTIPLE CHOICE QUESTION

30 sec • 15 pts

THE ACTION OR PROCESS OF USING MONEY TO MAKE PROFIT IS CALLED :

Saving

Investing

Retirement

Fraud

3.

MULTIPLE CHOICE QUESTION

30 sec • 15 pts

If you need to withdraw your money on short notice, your best saving option is:

A retirement account

A savings account

A certificate of deposit (“CD”)

A company stock portfolio

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

An assets is

Something that appreciates over time

Something that depreciates over time

Anything that you own that has value

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 15 pts

What happens when you check your credit

Your credit score goes up

Your credit score goes down

Nothing happens to your credit score

It depends

6.

MULTIPLE CHOICE QUESTION

30 sec • 20 pts

What three main factors are used to calculate your credit score?

Your income, debt, and monthly expenses

Your payment history, money owed, and credit history

Your income, income taxes, and monthly expenses

Your payment history, annual income, and total debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Your personal debt is:

a. The PIN code for your debit card

b. What is in your savings account

c. What you owe in money, goods, or services

d. The same as your credit score

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