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Checking Account and Debit Card

Checking Account and Debit Card

Assessment

Presentation

•

Life Skills

•

6th - 8th Grade

•

Easy

Created by

Ashton Sander

Used 3+ times

FREE Resource

64 Slides • 22 Questions

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Multiple Choice

What are some common ways to access funds in a checking account?

1

Check, Debit card, ATM, Digital Payments

2

Credit card, Loan, Mortgage, Investment

3

Cash, Gold, Real Estate, Bonds

4

Cryptocurrency, Stocks, Mutual Funds, ETFs

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Multiple Choice

Why do people prefer using checking accounts over carrying cash?

1

To earn interest on their deposits

2

To reduce the need to carry large amounts of cash

3

To avoid paying taxes

4

To invest in the stock market

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Multiple Choice

What is the purpose of a checking account register?

1

To store money

2

To record all monetary transactions

3

To withdraw cash

4

To deposit checks

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Multiple Choice

What information is typically pre-printed on a check?

1

Account holder's name and address

2

Bank's interest rates

3

Loan details

4

Credit score

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Multiple Choice

What happens when a check bounces?

1

The check is processed normally

2

The account holder receives a bonus

3

A fee is charged to the account holder

4

The check is returned with no consequences

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Multiple Choice

What are the three types of endorsements mentioned?

1

Blank, Restrictive, Special

2

Open, Closed, Limited

3

General, Specific, Conditional

4

Full, Partial, None

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Fill in the Blank

A blank endorsement allows anyone to ___ the check after it has been signed.

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Multiple Choice

What is a special endorsement on a check?

1

A signature only

2

Pay to the order of a specific person

3

For deposit only

4

Pay to the order of cash

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Complete the endorsements on your worksheet

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Complete the deposit slip on your worksheet

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Open Ended

Explain the purpose of a deposit slip and how it is used.

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Fill in the Blank

The signature line on a deposit slip is used to receive ___ back.

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Multiple Choice

What does the 'Cash' section on a deposit slip represent?

1

The total amount of checks being deposited

2

The total amount of cash being deposited

3

The total amount of cash and checks being deposited

4

The total amount of cash withdrawn

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Multiple Choice

What is the purpose of listing each check individually on a deposit slip?

1

To ensure accurate record-keeping

2

To confuse the bank teller

3

To increase the deposit amount

4

To make the slip look filled

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Multiple Choice

How do you calculate the 'Total from Other Side' on a deposit slip?

1

Add all checks listed on the back

2

Subtract checks from the front

3

Multiply checks by two

4

Divide checks by the number of entries

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Multiple Choice

The 'Less Cash Received' section on a deposit slip indicates the amount of cash back being received. True or False?

1

True

2

False

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Multiple Choice

What is the significance of the 'Subtotal' on a deposit slip?

1

It shows the total amount of cash and checks

2

It indicates the number of checks

3

It is the amount after cash received is deducted

4

It is the final deposit amount

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Fill in the Blank

To calculate the net deposit, subtract the cash received from the ___.

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Open Ended

Explain how to calculate the 'Net Deposit' on a deposit slip.

41

Complete the deposit slip on your worksheet

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Multiple Select

Which of the following are required steps when writing a check?

1

Sign the check

2

Include a memo

3

Post-date the check

4

Write the amount in words

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Multiple Choice

What should not be included on a check for safety reasons?

1

Phone number

2

Social security number

3

Address

4

Date

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Fill in the Blank

Fill in the blank: The check number is used to identify checks and is printed ___.

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Complete the checks on your worksheet

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Use the statement to check off the check register

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Reconcile the account on the worksheet

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Multiple Choice

Why do people prefer using checking accounts over carrying cash?

1

Checking accounts offer higher interest rates.

2

They reduce the need to carry large amounts of cash and provide convenience.

3

They are mandatory for all bank customers.

4

They are safer than online transactions.

86

Multiple Choice

What are some common ways to access funds in a checking account?

1

Check, Debit card, ATM, Digital & Electronic Payments

2

Credit card, Cash, Bank transfer

3

Loan, Mortgage, Investment

4

Savings account, Fixed deposit, Mutual funds

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