Full 4-Lesson Survey

Welcome to Cambridge Savings Bank's Financial Education Program! We'd like to learn what you
know - and what you may be unsure of when it comes to managing your money. Let's get started!

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1. Please select your group number and survey you are taking today.

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2. What is a balanced budget?

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3. What is the opposite of debt?

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4. Do you gain more from cutting expenses or increasing gross income by the same amount?

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5. Which statement is false when describing both a savings account and a certificate of deposit?

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6. What is meant by "Pay Yourself First?"

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7. What is a budget?

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8. Can a direct deposit of a paycheck be split into both a checking and a savings account?

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9. What is inflation?

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10. When budgeting jointly with another person, what is the most difficult part?

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11. If your expenses exceed your income, your accountant would say, "You are in the _______"

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12. Banks typically open an individual checking account for customers at what minimum age?

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13. What is a check register?

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14. What is a double-endorsed check

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15. What is the main difference between a debit card and a credit card?

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16. What are two ways that you can make a purchase with a debit card?

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17. Who is the "Payee" on a check?

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18. What are "Uncollected funds?"

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19. What is a bank's "Fee Schedule?"

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20. Direct deposits of your paycheck are available to withdraw when?

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21. The 18/65 Law

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22. You should use your debit card before your credit card because...

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23. What does having many credit cards tend to do to your credit score?

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24. What is the most important way in which your credit report is similar to your resume?

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25. Who typically checks your credit history?

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26. When setting interest rates for borrowers with good or poor credit histories...

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27. If you use almost all of your available credit limit, what does this do to your credit score?

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28. What are "Rewards Points" on a credit card?

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29. To buy your first home, you would apply for what type of loan?

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30. Can late payments affect your credit history?

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31. What is the legal age to borrow individually by means of a credit card?

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32. What do fraud artists prey upon in their victims

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33. What is the safest way to receive your postal mail?

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34. The Better Business Bureau is most useful for determining the following...

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35. Which piece of personal information is most critical to safeguard?

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36. Identity theft happens...

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37. The risk of identity theft happening to teenagers is...

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38. When identity theft happens to you...

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39. When you receive an email from an unknown sender you should do the following...

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40. You should shred documents that include personal information to protect yourself from whom?

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41. Can a person become a victim of identity theft when they are still a baby?

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