BizTown - Modules 1 & 2
Quiz by Ann Piper
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16 questions
Show answers
- Q1Which of the following is a financial institution?museumlibraryBankcredit card30sEditDelete
- Q2Which service is a bank or credit union NOT likely to offer?products to purchasedebit cardchecking accountsavings account30sEditDelete
- Q3When is depositing money into an account, it is important to:include your account numberthank the tellersign your deposit ticketswipe your credit card30sEditDelete
- Q4The amount left over from your pay after taxes and deductions is called:gross balancetransactionnet balancenet pay30sEditDelete
- Q5You can continue to write checks as long as you have checks in your checkbook.FalseTrue30sEditDelete
- Q6all bank transactions should be recorded in the register.TrueFalse30sEditDelete
- Q7A direct deposit is when you take your paycheck directly to the bank after you receive it.FalseTrue30sEditDelete
- Q8credit cards and debit cards are essentially the same thing.TrueFalse30sEditDelete
- Q9Which best describes the circular flow of the economy"Happens only in a resource marketThe flow between businesses and resourcesThe exchange of money, goods, and services in an economyHappens only in a goods and services market30sEditDelete
- Q10Which is not true of public goods and services?Shared by everyone - sometimes at the same timeMust be paid by someoneNo one is prevented from using themOnly given to the needy30sEditDelete
- Q11Which is NOT a basic economic question faced by an economy?What to produce?For whom to produce?How to produce?How much to charge?30sEditDelete
- Q12Who pays for public goods and services?PhilanthropistsGovernmentTaxpayersOnly people who use them30sEditDelete
- Q13A free enterprise economy is a system in which economic decisions are made in markets by consumers and businesses.FalseTrue30sEditDelete
- Q14Due to scarcity, people cannot have all of the things they want.TrueFalse30sEditDelete
- Q15Businesses produce goods and services for citizens, who in turn supply labor and other resources to the businesses.FalseTrue30sEditDelete
- Q16Resources are the goods people buy from businesses.FalseTrue30sEditDelete