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- 1. Multiple ChoiceWhich should you consider when looking for a bank to open an account at?LocationWhat the interest rate isSpecial FeaturesAll are true
- 2. Multiple ChoiceWhat does ATM stand forAutomatic Teller MachineAutomatic Token MoneyAutomatic Teller MoneyAutomatic Teller Man
- 3. Multiple ChoiceWhat is an overdraft?A deficit in a bank account caused by drawing more money than the account holds.Slang for a check that cannot be processed because the account holder has non-sufficient fundAn extra charge assessed for a serviceVoiding a check “disables” the check so that it cannot be used like a blank check.
- 4. Multiple ChoiceWhat is a way to make sure you pay your bills on time?Direct depositAutomatic paymentsChecking accountSavings account
- 5. Multiple ChoiceWhich of the following is the CORRECT way to write, $678.13 that would be shown on a check?six hundred and seventy eight and 13/100-----------six hundred seventy eight and 13/100--------------six hundred seventy eight dollars and 13/100------------six hundred seventy nine and--------------13/100
- 6. Multiple ChoiceWhat disables a check so it can not be used?Bounced checkCanceled checkVoided checkNone are true
- 7. Multiple ChoiceWhat should your pin number be?Your BirthdayRandom set of three numbers that the bank gives you or you createRandom set of four numbers that the bank gives you or you createNone are true
- 8. Multiple ChoiceWhy is it important to keep track of your banking and how much money is within your account?To ensure you do not overdraft and have to pay late feesTo make sure you always have a ton of money in your bank accountTo make sure you have the absolute minimum amount of money in your accountAll are true
- 9. Multiple ChoiceWhat is the purpose of an ATM?To take out cash using a credit cardTo take out cash using a debit cardTo transfer money to other ATM’sAll are true
- 10. Multiple ChoiceWhich of the following is a good credit score?400750100900
- 11. Multiple ChoiceWhat can cause a high interest rate?A high credit scoreA low credit scoreAn average credit scorePaying your bills early
- 12. Multiple ChoiceWhat is the average range of credit scores?100-1,0001-10300-850100-750
- 13. Multiple ChoiceWhich of the following is something that can hurt or damage your credit score?Paying your students loans off one year earlyPaying off your car one year earlyTaking out loans you are unable to pay back on timeOpening up a credit card at a store you shop at frequently
- 14. Multiple ChoiceTrue or False: It is smart to take out multiple credit cards at once to begin to build your credit.TrueFalse
- 15. Multiple ChoiceTrue or False: Once your credit score goes down, it can never go back up.TrueFalse
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