Unit 4 Test Review (Financial Math)

Front

A ________ is a business that provides tools for managing money. Keeps money safe.

Back

bank

Front

A _______________________ is an account that pays interest to the account holder but limits the number of withdrawals per month.

Back

savings account

Front

An account that allows customers to deposit money and write checks or use debit cards from the account

Back

Checking Account

Front

A ___________ a document that authorizes a bank to transfer money to another person or entity.

Back

check

Front

True or False: A deposit is the act of putting money into a bank.

Back

True

Front

You ________ interest on a CD, while you ________ interest on a car loan.

Back

earn, pay

Front

A service fee is when...

Back

the bank charges you money

Front

According to this deposit slip, did Jane deposit or receive cash and how much was it?

Back

Received $60 cash

Front

What will be the ending balance for this page of check register?

Back

691.80, 691.8

Front

Braedyn received his bank statement showing a balance of $504.38. Not shown on the statement are deposits of $79.02 and $298.00 and payments of $120.10 and $207.97. What is Braedyn’s adjusted balance?

Back

$504.38 + $79.02 + $298.00 - $120.10 - $207.97 = $553.33