Math 20 quiz A unit 4 3-1-19

A savings account should be used for daily purchases

• True
• False

Which of the following is TRUE about checks?

• You should endorse the back when writing a check

• The amount of money is written both numerically and in words

• Checks should show up on your statement within 30 days

• You should endorse the back when depositing a check

Overdraft protection...

• is a service offered only for premium checking accounts.

• brings in a few hundred dollars each year to banks.

• is often a free service that prevents you from overdrafting.

• should be something you opt-out of so you don't pay overdraft fees.

Which of the following is TRUE about banks and credit unions?

• Banks are for-profit; credit unions are not-for-profit
• Banks are not taxed; credit unions are taxed
• Banks are insured by the NCUA; credit unions by the FDIC
• There are more local credit unions than there are banks

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• over spending fee

Tags

CCSS.7.NS.A.1C

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• None of the above

Tags

CCSS.7.EE.B.3

Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?

• Big Bucks Bank
• Cassie Porter
• Lots a Loot Bank
• Sherwood Bennett

Tags

CCSS.6.EE.A.1

Which of the following is not found on a check?

• Account Owner's Name & Address
• Account Owner's Social Security Number
• routing number
• account number

The number of a checking account is also known as the:

• Pin Number
• Social Security Number
• Routing number
• Account Number

Tags

CCSS.5.NBT.A.3A

The checking account fees for Banks A, B, C, and D are shown in the table:
If a customer writes 26 checks per month, which bank will charge him the least in fees

• Bank A
• Bank B
• Bank C
• Bank D

Tags

CCSS.7.EE.B.3