Checking and Banking
Flashcard
•
Professional Development
•
12th Grade
•
Hard
Wayground Content
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20 questions
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1.
FLASHCARD QUESTION
Front
A demand deposit account on which checks are drawn.
Back
checking account
2.
FLASHCARD QUESTION
Front
Writing a check for a major purchase is safer than carrying a large amount of cash to the store.
Back
True
3.
FLASHCARD QUESTION
Front
An agency of the federal government that insures bank deposits up to $250,000 is the
Back
FDIC
4.
FLASHCARD QUESTION
Front
Writing a check for a major purchase
Back
is safer than paying for it with cash and will give you an additional paper trail of the transaction.
5.
FLASHCARD QUESTION
Front
A document that provides an official signature that the bank can compare the one on a check is the
Back
signature card
6.
FLASHCARD QUESTION
Front
A tool used to track checking account transactions is a
Back
checkbook register
7.
FLASHCARD QUESTION
Front
Money added to a checking account is called a
Back
deposit
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