#2 Quiz over Memory's PP (Credit, Ins, etc)

Online banking activities include

• Direct Deposit

• Bill Pay

• Transfering money

• All of these

A deposit is a

• Debit to your account

• Transferring to your account

• A credit to your account

• Two of these

To endorse a check means your are:

• Writing your name on the back of a check that was written to you

• Writing For Deposit only on the back of the check

• Writing your friend's name on the back of the check

• All of these

Use this to keep up with your checking account balance:

• Checks

• ATM

• Check Register

• None of these

When you have a credit card:

• Only pay the minimum each month

• Do not get a high balance where you owe a lot on it

• Pay the minimum or more every month

• Two of these

Your credit card:

• May have an Annual Fee

• Has an APR that you need to check.

• None of these

• Both of these

APR means

• Annual Percentage Rate

• Is the rate of interest you earn on savings or pay in interest

• Both of these

• None of these

The restrictive endorsement is:

• Pay to the order of someone, then you sign your name

• For Deposit Only, then sign your name

• Just your name

• None of these

Overdrafts

• Can be $35 or more

• Are usually only $10

• Occur when you spend more money than the balance of your checking account.

• Two of these

Always direct deposit your paycheck.

• True

• False

• It doesn't matter.