chap 4 rev

Front

What is the total value of 5 pennies, 13 nickels, 14 dimes, 2 quarters, and one 5-dollar bill?

Back

The total value is $7.60.

Front

What is the total amount deposited if a check for $456.89 is deposited at an ATM with a $4.50 service charge?

Back

The total amount deposited is $456.89.

Front

How do you determine if a check register balance and a bank statement balance agree?

Back

You compare the check register balance with the adjusted bank balance, considering outstanding checks and deposits.

Front

What information is not required to appear on a check?

Back

A social security number does not have to appear on a check.

Front

What is the total of a deposit for $324.75, 15 pennies, 8 nickels, 5 dimes, and 3 quarters?

Back

The total deposit is $326.55.

Front

How much is one nickel worth?

Back

One nickel is worth $0.05.

Front

How much is one dime worth?

Back

One dime is worth $0.10.

Front

How much is one quarter worth?

Back

One quarter is worth $0.25.

Front

What is the formula to calculate the total value of coins?

Back

Total value = (number of pennies * 0.01) + (number of nickels * 0.05) + (number of dimes * 0.10) + (number of quarters * 0.25).

Front

What is an outstanding check?

Back

An outstanding check is a check that has been written but not yet cleared by the bank.