Prin BM&F Ch. 17 Banking & Financial

Prin BM&F Ch. 17 Banking & Financial

9th - 10th Grade

27 Qs

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Prin BM&F Ch. 17 Banking & Financial

Prin BM&F Ch. 17 Banking & Financial

Assessment

Quiz

9th - 10th Grade

Medium

Created by

Cristina Flores-Schnoke

Used 18+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank has the right to open your safe deposit box

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you lose your debit card, your liability is only $50 if you notify your bank within 2 days of the loss.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks sometimes charge depositors fees for certain services such as using an ATM

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common way for a bank to exist or be organized is a mutual savings bank.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All state and national banks are required to join the Federal Reserve System

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a blank endorsement makes a check payable to anyone who has the check

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A canceled check is a check that has been paid by the bank.

True

False

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