Quiz about Money Transactions Quiz

Question 1

If you put $5 into your piggy bank, is this a deposit or a withdrawal?

Accepted Answer

Deposit

Answer

Withdrawal

Question 2

Your mom gives you $10 to put in your bank account. Does your account balance go up or down?

Accepted Answer

Up

Answer

Down

Question 3

You buy a toy for $6 and pay from your bank account. Is buying a toy considered an income or an expense?

Accepted Answer

Expense

Answer

Income

Question 4

If you start with $$20 in your bank account and take out $$ 5, how much money do you have left?

Accepted Answer

$15

Answer

$25

Question 5

Is receiving birthday money from your grandparents a positive or negative transaction for your bank account?

Accepted Answer

Positive

Answer

Negative

Question 6

You had $$30 in your bank account. After spending $$ 10 on a game, what type of transaction did you make?

Accepted Answer

Withdrawal

Answer

Deposit

Question 7

If your bank account balance increases, did you likely make a deposit or a withdrawal?

Accepted Answer

Deposit

Answer

Withdrawal

Question 8

You save $5 from your allowance and put it into your bank account. Is this action adding or subtracting from your account balance?

Accepted Answer

Adding

Answer

Subtracting

Question 9

After buying a book for $$8, your bank account has $$ 42 left. How much money did you have before buying the book?

Accepted Answer

$50

Answer

$34

Question 10

Is paying for a school lunch an example of income or an expense?

Accepted Answer

Expense

Answer

Income

Question 11

If you find $20 and deposit it into your bank account, what happens to your account balance?

Accepted Answer

It increases.

Answer

It stays the same.

Question 12

You withdraw $15 from your bank account to buy a gift. Is this transaction shown as a positive or negative in your account?

Accepted Answer

Negative

Answer

Positive

Question 13

If you had $$45 in your account and your aunt gives you $$ 20 more as a gift, how much money do you have now?

Accepted Answer

$65

Answer

$25

Question 14

When you return bottles and get $5 back that you put into your bank account, is this considered a deposit or a withdrawal?

Accepted Answer

Deposit

Answer

Withdrawal

Question 15

If you start with $$100 in your bank account and spend $$ 30 on video games and then deposit $20 you got for your birthday, what is your new bank account balance?

Accepted Answer

$90

Answer

$110

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