Banking Test
Name_______________________________ Date________________________ Please read and answer each question carefully.
Erica invested money into the stock market over the course of ten years, she made $1,000. This is an example of,
- A loan
- Interest
- Savings
- Banking
Please match each job to the appropriate description.
Bank Teller | Loan officer | Bankruptcy Specialist | |||
Process financial transactions | |||||
Prepares legal documents, contacts client and attorneys, and investigates and corrects problems with accounts | |||||
Finds potential clients and helps those clients appl for loans |
Jessica took out a car loan for $2,000 from the bank and will have to pay it back with interest.
- True
- False
Briefly describe what you can do with your savings? Be sure to include; loans, investment, and security.
Briefly describe the relationships between banks and businesses.
Essay: Describe how the bank helps the local community making sure to include local businesses, charities, and your family.
Social Studies Test: Rubric
Student Name: ________________________________________
CATEGORY | 4 - Above Standards | 3 - Meets Standards | 2 - Approaching Standards | 1 - Below Standards | Score |
Support for topic | Relevant, telling, quality details give the reader important information that goes beyond the obvious or predictable. | Supporting details and information are relevant, but one key issue or portion of the storyline is unsupported. | Supporting details and information are relevant, but several key issues or portions of the storyline are unsupported. | Supporting details and information are typically unclear or not related to the topic. | |
Content | Essay discusses all three elements listed in the question. | Essay discusses two of three elements listed in the question. | Essay discusses one of three elements listed in the question. | Essay does not discuss any of the elements required. | |
Organization | The essay is clear and easily readable. The content is clear. | Some aspects of the essay are not easily readable. The content is somewhat clear. | Most aspects of the essay are not readable. The content is mostly not clear. | The essay is not easily readable. The content is not clear. | |
Accuracy of content | All supportive facts are reported accurately. | Almost all supportive facts are reported accurately | Most supportive facts are reported accurately. | NO facts are reported OR most are inaccurately reported. |
Why did we chose these types of questions?
1. I would say that giving a scenario was the perfect option and then allowing the student to decide the right answer from the multiple choice selection. It allowed us to understand if they can make a connection between investment and how that translates into interest. By giving this scenario we were able to see if the student understands what interest is and where you can see interest building.
Distracters- This was a simple task of picking the distracter because this test is based on banking and these specific concepts. They have learned all of these concepts and therefore should be able to differentiate between them when given a scenario.
2. This is a matching question. We chose this because we could assess whether the students knows more than one of the job descriptions. There are many jobs at banks and the student should be able to identify the main ones after this unit. Matching the ob to the job description is a great way to see whether the student has the knowledge of the different jobs that a bank entails.
3. This question is true or false, this question was made to assess whether the students understand that when you borrow money from a back there is repercussions. You will need to pay back the bank with interest. The student should understand what a loan is and the consequences you must face which is interest.
4. To see if students fully understand the concept of savings we had them describe the different actions that you can take regarding your savings. Students were asked to correlate this to investments that they can make and the security that comes with savings. We really wanted to assess a deeper understanding of the students knowledge. Not only do they have to understand what all of these concepts are they must be able to relate them with one another and show they understand more than just the definition.
5. Another short answer question, this allows us to once again assess the deeper understanding that the student have. This question is related to the concept of how banks help businesses. I feel that this question could go either way. We could make this into a multiple choice question, but it would be only show one aspect of how banks help businesses. There are many ways a bank can assist businesses and I feel having the students represent their own ideas will allow us to get a deep understanding of their knowledge.
6. The essay question, how businesses help the local community. Students are a part of the community which makes this a relatable question and also makes it easy for students to give many different responses to the question. We can assess their knowledge and they must have a deep understanding to be able to answer this question. They must be able understand all aspects of the back from loans, security, interest, and savings so that they can address how banks can help them, their family, charities, and local businesses. This is where we may address the gifted student. We may ask them to do some higher order thinking such as write a compare and contrast essay.