Banzai Exam - Questions With Correct Solutions (A+)
A sum of money to be used for a particular purpose Right Ans - budget
Like a credit card, but it takes money directly from your checking account.
Right Ans - debit card
A card that lets you buy goods and services based on a promise to pay later, A
card that charges monthly interest if the balance is not paid in full Right
Ans - credit card
An account where the depositor can write checks. Right Ans - checking
account
An account where money is stored and returns a low interest rate. Right
Ans - saving account
You have $200. How do you keep track of it?
A.) Budget it by splitting it amongst your current and future expenses.
B.) Stick it under your bed for safekeeping.
C.)Put it in your savings account.
D.) Spend it. Because YOLO. Right Ans - A
When you spend more money than you have Right Ans - Debt
Why open a checking account?
A.) It's a safe place to store money.
B.) It lets you use a debit card.
C.) It makes it easy for you to pay others-and for others to pay you.
D.) All of the above. Right Ans - D
, You want to go to a concert. What't the beset way to cop a few tickets?
A.) Put it on your credit card now and pay later.
B.) Ask your parents for tickets as a "Thanks for being the best kid ever"
present.
C.) Add "Entertainment" to your budget and allocate some cash there each
week.
D.) Take money from your other budget categories until you have enough.
Right Ans - C
You bye sushi. Total:$15.41
Add:20 percent tip. How much do you spend? Right Ans - 18.49
Your account statement arrived. You had a balance of -$52.79. After the
$307.74 deposit from Roland's Bookstore, what is your new account balance?
Hint: Click on the image to zoom in.
$316.95
$256.92
$265.29
$254.95 Right Ans - D
Oh no! You completely forgot that you wrote a check for $150.00 on January
11th for a speeding ticket. The statement above was printed before the check
cleared. How much money is really in your account?
$316.95
$242.21
$104.95
$254.95 Right Ans - C
You see a pair of jeans at the mall for $109.92. Now with your updated
statement, can you afford this purchase? Right Ans - no
What is the total amount of debits for the statement below?
A sum of money to be used for a particular purpose Right Ans - budget
Like a credit card, but it takes money directly from your checking account.
Right Ans - debit card
A card that lets you buy goods and services based on a promise to pay later, A
card that charges monthly interest if the balance is not paid in full Right
Ans - credit card
An account where the depositor can write checks. Right Ans - checking
account
An account where money is stored and returns a low interest rate. Right
Ans - saving account
You have $200. How do you keep track of it?
A.) Budget it by splitting it amongst your current and future expenses.
B.) Stick it under your bed for safekeeping.
C.)Put it in your savings account.
D.) Spend it. Because YOLO. Right Ans - A
When you spend more money than you have Right Ans - Debt
Why open a checking account?
A.) It's a safe place to store money.
B.) It lets you use a debit card.
C.) It makes it easy for you to pay others-and for others to pay you.
D.) All of the above. Right Ans - D
, You want to go to a concert. What't the beset way to cop a few tickets?
A.) Put it on your credit card now and pay later.
B.) Ask your parents for tickets as a "Thanks for being the best kid ever"
present.
C.) Add "Entertainment" to your budget and allocate some cash there each
week.
D.) Take money from your other budget categories until you have enough.
Right Ans - C
You bye sushi. Total:$15.41
Add:20 percent tip. How much do you spend? Right Ans - 18.49
Your account statement arrived. You had a balance of -$52.79. After the
$307.74 deposit from Roland's Bookstore, what is your new account balance?
Hint: Click on the image to zoom in.
$316.95
$256.92
$265.29
$254.95 Right Ans - D
Oh no! You completely forgot that you wrote a check for $150.00 on January
11th for a speeding ticket. The statement above was printed before the check
cleared. How much money is really in your account?
$316.95
$242.21
$104.95
$254.95 Right Ans - C
You see a pair of jeans at the mall for $109.92. Now with your updated
statement, can you afford this purchase? Right Ans - no
What is the total amount of debits for the statement below?
