Math 20 Unit 4 Checking Account and Review 3-12-19

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

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

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Tags

CCSS.7.NS.A.3

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 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

Enrico wrote four checks last month, and these were the only transactions for his checking account. According to his check register, his balance is $893.48, but the bank statement he just received says his balance is $1076.32. If the four checks were for $173.75, $173.84, $182.75, and $182.84, the check for which amount has not yet cleared?

• $173.75
• $173.84
• $182.75
• $182.84

Tags

CCSS.6.NS.B.3

This is the cost of using some other person's or bank's money.

• Interest
• Bill
• Principal
• Credit

Tags

CCSS.5.NF.B.5B

This allows you to withdraw cash from your account or make payments electronically.

• Debit Card
• Loan Account
• Signature Card
• Payday card

Tags

CCSS.L.1.1B

CCSS.L.2.2C

CCSS.L.3.2D

Reconciling your account is one way to make sure it will not be overdrawn. 

• True
• False

If you receive an e-mail from your bank asking you to verify your password, you should click on the link and provide the information requested.

• True
• False

Tags

CCSS.RI.11-12.8

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.8

CCSS.RL.9-10.7