
Checking Accounts
Quiz
•
Other
•
9th - 12th Grade
•
Medium
Mr. Ivans
Used 8+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your checking account is reconciled when...
When you've matched all your transactions with your bank statement
When you've opened it and placed at least $100 in it
The bank sends you your statement of reconciliation
When you've completed the checkbook register
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a secure way to ensure that a check can only be deposited into your account.
Use a blank endorsement
Write "For Deposit Only" on the back
Write "Pay to the Order of" on the back
Write Void on the check
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to endorse a check for deposit what would you put on the back of the check?
Date
Memo
Signature
Amount of check
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When writing a check for a payment of $52.10 which is the appropriate way to write out the payment amount on the check?
fifty two and ------------ ten cents
52 dollars and 10 cents
fifty two and ------------10/100
52 and 10 cents
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are ways to get money from your checking account except?
Writing a check
Use the ATM
Use your debit card
Use your credit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you choose debit when paying for an item, where does the money come from?
savings account
store credit card
checking account
credit line account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is used to keep track of all checking transactions?
check register
reconciliation sheet
bank statement
journal
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