Test yourself


Topic Assessement: Question

Here are a few questions to test what you've learned.
One of the best ways to determine what’s really important to you and where you want to focus your time and effort is to __________.
A. talk about your new ideas to new friends
B. publish your own blog
C. ask a favorite teacher
D. write down your goals and update your list over time
Good Job!
Not Quite.
Not Quite. The correct answer is D. write down your goals and update your list over time.
Which three terms mean: a decrease in the purchasing power of the dollar; to increase in value; the opposite of a liability?
A. Inflation, interest, insurance
B. Deflation, depreciation, debt
C. Inflation, appreciation, asset
D. Allowance, accrual, asset
Good Job!
Not Quite.
Not Quite. The correct answer is C. Inflation, appreciation, asset.
A Certificate of Deposit (CD) is a type of __________.
A. insurance
B. savings account
C. checking account
D. monthly statement
Good Job!
Not Quite.
Not Quite. The correct answer is B. savings account.
Which three items are benefits of online banking?
A. Can check status of transactions any time; automatic transfers can help you save; cuts down on paper waste
B. Improves your computer skills; helps you spend more efficiently; allows you to customize your checks
C. Can check account balance any time; improves your credit rating; automatic transfers can help you keep track
D. Eliminates the need for overdraft protection; increases the interest you earn; actually irons your shirts
Good Job!
Not Quite.
Not Quite. The correct answer is A. Can check status of transactions any time; automatic transfers can help you save; cuts down on paper waste.
The basic idea of reconciling your accounts each month is to compare two things. Which two?
A. account balance and checks
B. worksheet and bills
C. account statement and transaction register
D. worksheet and receipts
Good Job!
Not Quite.
Not Quite. The correct answer is C. account statement and transaction register.
One of the best ways to avoid fraud is to __________.
A. never buy online
B. change your identity and social security number frequently
C. immediately destroy your receipts
D. monitor your financial activity carefully on a regular basis
Good Job!
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Not Quite.
Not Quite. The correct answer is D. monitor your financial activity carefully on a regular basis. Click the next button for more great options.
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Conclusion Topic Assessment: Intro