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Bank Account Statements Flashcard

Bank Account Statements Flashcard

Assessment

Flashcard

Financial Education

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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10 questions

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1.

FLASHCARD QUESTION

Front

How frequently does John typically receive account statements from his bank?

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Back

Monthly

2.

FLASHCARD QUESTION

Front

How much did John Jones have in his account on the first day of the statement period?

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Back

$0.55

3.

FLASHCARD QUESTION

Front

John has two ATM transactions but only one of them has a fee (Interac). Why?

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Back

Interac is an out-of-network ATM and First Bank charges customers if they use out-of-network ATMs.

4.

FLASHCARD QUESTION

Front

According to his checking account statement, John was paid ____________ every ____________.

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Back

$694.81, 2 weeks

5.

FLASHCARD QUESTION

Front

What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?

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Back

John's Savings account balance decreased by $50 and his Checking account balance increased by $50

6.

FLASHCARD QUESTION

Front

Which transaction caused John to overdraw his account? Options: The Online Bill Payment for $146.67, Check No. 409 for $100, Check No. 410 for $710.49, The Overdraft Fee of $35

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Back

Check No. 410 for $710.49

7.

FLASHCARD QUESTION

Front

What was the result of John overdrawing his checking account?

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Back

John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.

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