Checking and Saving Accounts

A check that has been paid by the bank

• Cancelled Check

• Bounced Check

When an interest rate does not change, it is called a ___ rate.

• Variable

• Fixed

• Non Changing

What does it mean to reconcile your bank statement?

• Compare your statement to your register

• To cancel your bank statement

• To record your bank statement

What should you do after you write a check or use your debit card?

• Record it in your phone

• Look at your statement

• Record it in your checkbook register

What typically happens when you overdraw your bank account?

• You receive a friendly reminder from your bank

• Your mom yells at you

• You are charged a fee

What should you take with you to open a bank account?

• A parent

• Your best friend

• A photo ID

Which account would be best for everyday spending?

• A credit account

• Savings account

• Checking account

Which account would offer the highest interest rate?

• Certificate of Deposit

• Checking

• General Savings

What do you do in your checkbook register each time you make a payment?

• Add to your balance

• Subtract from your balance

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What is the last step of writing a check?

• Writing the date

• Signing it

• Writing the total amount

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