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Seventh Grade (Grade 7) Personal Finance Questions

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Grade 7 Personal Finance
                     is when you write a check for more money than you have in your account.
  1. Balance
  2. Minimum Balance
  3. Non-sufficient Funds
  4. Service Charge
Grade 7 Personal Finance
Using a credit card is like a loan.
  1. True
  2. False
Grade 7 Personal Finance
                     is the amount the bank charges (fees) for use of the checking account.
  1. Balance
  2. Minimum Balance
  3. Non-sufficient Funds
  4. Service Charge
Grade 7 Personal Finance
                     is the amount of money currently in your checking account.
  1. Balance
  2. Minimum Balance
  3. Non-sufficient Funds
  4. Service Charge
Grade 7 Personal Finance
Banks are non-profit institutions.
  1. True
  2. False
Grade 7 Personal Finance
Checks may not be accepted at all stores.
  1. True
  2. False
Grade 7 Personal Finance
When you sign the back of a check you                it.
  1. Decline
  2. Withdraw
  3. Endorse
  4. Clear
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