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Banking

Authored by Jeffrey Bourassa

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KG - University

10 Questions

Used 10+ times

Banking
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best way to make sure money is deposited into your account is to use a ….

 Restrictive Endorsement
Personal Endorsement
Blank Endorsement
Special Endorsement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of payment is most trustworthy?

Personal Check
Certified Check

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you withdraw more money than you have in your checking account you might be charged

An underdraft fee
an overdraft fee
a check cashing fee
with a small loan fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When must you sign a deposit slip?

when you receive cash back
when you deposit any amount of cash
when you deposit more than $100
when you deposit more than $10,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you earn $300 in interest on money you keep in a savings account, the interest . . .

Will be taxed as income at the same rate as your income from your job.
Will be taxed as income at a higher rate than income from your job
Will not be taxed as income
Will be taxed as income at a lower rate than income from your job

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The memo line on a check is . . .

Where you sign your name
Optional
Where you should write the amount
Where you should write the check number

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have $500,000 dollars, what would be the best way to deposit your money to make sure it is insured by the FDIC?

Deposit all $500,000 in an NCUA insured Credit Union
Deposit $250,000 in one FDIC insured Bank and $250,000 in a separate FDIC insured bank.
Deposit $400,000 in an a checking account at a FDIC insured Bank and $100,000 in a NCUA insured Credit Union.
Deposit all $500,000 in a checking account at a FDIC insured Bank

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