A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should

list the cash deposit separately from the check as well as the total of the deposit.

include the reason that both cash and a check are being deposited.

indicate what bank issued the check that is being deposited.

indicate the amount of money that is currently in the checking account as well as in a savings account to cover the check.

A blank endorsement on a check:

Creates a check that can be cashed by anyone

The memo line on a check is . . .

Where you should write the amount

Where you should write the check number

When must you sign a deposit slip?

when you deposit any amount of cash

when you deposit more than $100

when you deposit more than $10,000

Banking

Authored by Cindy Steinberg

Other Sciences

11th - 12th Grade

CCSS covered

Used 126+ times

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MULTIPLE CHOICE QUESTION

1 min • 1 pt

To take money out of the bank

Deposit

Overdraw

Withdraw

Balance

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To take more money out of your account than is available

Overdraw

Deposit

Withdraw

Balance

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money which your bank account earns

Balance

Checking

Savings

Interest

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Unchanging rate of interest

Variable Interest Rate

Savings

Fixed interest rate

Interest

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rate of interest which changes regularly

Fixed Interest Rate

Savings

Interest

Variable Interest Rate

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a difference between Banks and Credit Unions?

Banks have Checking accounts and Credit Unions have Savings Accounts

Banks are for profit. Credit Unions are Non-profit.

Banks can give loans and Credit Unions cannot

Credit Unions allow everyone to join and Banks are selective

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is not a factor you would consider when looking for a Bank or Credit union?

Location

Looks

Free Checking

Services

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