Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Multiple ChoiceThis account allows you to deposit money at a bank for safekeeping.Saving AccountChecking AccountBill AccountCasino Account
- 2. Multiple ChoiceThis is the cost of using some other person's or bank's money.InterestBillPrincipalCredit
- 3. Multiple ChoiceThis account allows you to withdraw money, pay a bill, or make purchases easily.Checking AccountSavings AccountMarket Money AccountCD Account
- 4. Multiple ChoiceThis is a written request to your bank to take money from your account & pay it to someone else.CheckTelephone CallTextEmail
- 5. Multiple ChoiceThis allows you to withdraw cash from your account or make payments electronically.Debit CardLoan AccountSignature CardPayday card
- 6. Multiple ChoiceThe action enters money into an account.DepositWithdrawalLoanDeduction
- 7. Multiple ChoiceThis action removes money from an account, either at the bank or an ATM.WithdrawalDepositLoanCredit
- 8. Multiple ChoiceThis transaction removes funds from your account.DebitCreditLoanDeposit
- 9. Multiple ChoiceThis action includes deposits or additions to your accounts.CreditDebitLoanWithdrawal
- 10. Multiple ChoiceThis action allows movement of funds from one account to another.TransferDebitCreditLoan
- 11. Multiple ChoiceOrrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?overdraft feesservice feesatm feesover spending fee - 12. Multiple ChoiceCruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.
This will result in which of the following fees?overdraft feesservice feesatm feesNone of the above - 13. Multiple ChoiceSherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?Big Bucks BankCassie PorterLots a Loot BankSherwood Bennett - 14. Multiple ChoiceAt the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?$1620.38$1510.06$1485.06$787.10
- 15. Multiple ChoiceThe number of a checking account is also known as the:Pin NumberSocial Security NumberRouting numberAccount Number
- 16. Multiple Choice
The checking account fees for Banks A, B, C, and D are shown in the table:
If a customer writes 26 checks per month, which bank will charge him the least in feesBank ABank BBank CBank D - 17. Multiple ChoiceWhich of the following is not considered a credit?Overdraft FeeInterest EarnedDirect DepositATM Withdrawal
- 18. Multiple ChoiceWhich of the following is not considered a debit?Online Bill PaymentCheck CashedInterest EarnedATM Withdrawal
- 19. Multiple ChoiceWhich of the following is not considered a credit?Overdraft FeeInterest EarnedDirect DepositATM Withdrawal
- 20. Multiple Choice
The interest rate on a CD is __________ than that on a regular savings account.
Lower
Higher
Same
Does not earn interest
- Answer choicesTagsAnswer choicesTags