Checking Accounts

Checking Accounts

Assessment

Assessment

Created by

Katy Hess

Life Skills

8th Grade

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30 questions

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1.

Multiple Choice

30 sec

1 pt

This account allows you to withdraw money, pay a bill, or make purchases easily.

Checking Account

Savings Account

Market Money Account

CD Account

2.

Multiple Choice

30 sec

1 pt

This action enters money into an account.

Deposit

Withdrawal

Loan

Deduction

3.

Multiple Choice

30 sec

1 pt

This action removes money from an account, either at the bank or an ATM.

Withdrawal

Deposit

Loan

Credit

4.

Multiple Choice

30 sec

1 pt

This action allows movement of funds from one account to another.

Transfer

Debit

Credit

Loan

5.

Multiple Choice

30 sec

1 pt

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 just cleared. This will result in which of the following fees?

overdraft fees

service fees

atm fees

over spending fee

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