Bank On Post-Test Survey

We want to know what you've learned! Please take this post-test in order to receive your Bank On Bluegrass referral.

Question Title

* 1. Which of the following is a Financial Institution?

a. Payday Loan Store

b. Pawn Broker

c. Bank

d. Credit Union

e. a. and b. only

f. c. and d. only

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* 2. Which of the following is a deposit account?

a. Mutual fund

b. Savings account

c. Stocks and bonds

d. Checking account

e. b. and d. only

f. a. and c. only

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* 3. By choosing to Opt-Out, banks cannot:

a. Charge you an overdraft fee on a one-time debit or ATM card transaction

b. Share your information with other companies

c. Give you checks

d. Mail you printed statements

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* 4. You can use an ATM to do which of the following:

a. Deposit a check

b. Make a cash withdrawal using your debit card

d. Check your account balance

e. All of the above

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* 5. One way to avoid identity theft would be:

a. Do not give out personal information over the phone or through the mail.

b. Remove your mail from your mailbox as soon as possible.

c. Shred receipts, credit card statements, or pre-approved offers.

d. Order a copy of your credit report every year.

e. All of the above

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* 6. A deposit is the amount of money you have in your account.

True

False

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* 7. It is cheaper to use a bank account than a check cashing and money order service.

True

False

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* 8. You need to have a US drivers license to open a bank account.

True

False

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* 9. A purchase made using a debit card will not be charged against your account for 30 days.

True

False

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* 10. The bank will charge you a fee if you do not have enough money to pay a check you wrote.

True

False

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* 11. Savings accounts never pay interest.

True

False

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* 12. A savings account is one that gives you a debit card instead of paper checks.

True

False

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* 13. A teller is the bank employee that you would talk to in order to withdraw money.

True

False

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* 14. Fixed expenses are those whose amounts do not change from month to month.

True

False

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* 15. The amount of money you have after taxes, insurance, and other deductions have been taken out of your pay:

Account Balance

Net Income

Overdraft

Flexible Expenses

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* 16. A step-by-step plan for meeting your expenses in a given amount of time to help you manage your money:

Overdraft

Reconciling the account

Budget

Account balance

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* 17. Not having enough money in your account to cover the checks written and/or debit card transactions made:

Overdraft

Net income

Budget

Flexible expenses

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* 18. Expenses whose amounts may change from month to month:

Net income

Account Balance

FDIC insurance

Flexible expenses

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* 19. The process of identifying and correcting any differences between the bank statement and your check register:

Budget

Reconciling the account

Net income

Debit card

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* 20. A card tied to your account which can be used at an ATM to get cash or to make purchases at stores:

Account balance

FDIC insurance

Overdraft

Debit card

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* 21. The amount of money you have on deposit at your financial institution:

Account balance

FDIC insurance

Budget

Debit card

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* 22. A guarantee against loss for up to $250,000 by the US government:

Overdraft

Net income

Flexible expenses

FDIC insurance

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* 23. Please complete the following:

Name: *

Address:

Address 2:

City/Town:

State:

ZIP:

Email Address:

Phone Number:

Personal contact information is optional and will be shared with the United Way of the Bluegrass in order to conduct follow-up research.

If you would like your Bank On Bluegrass referral card sent to you, please enter your mailing address above.