Banking

Which type of check endorsement begins with "For deposit only to account No. 123456........."?

• blank

• special

• restrictive

Which type of check endorsement begins with "Pay to the order of Marcia Bernas....

• blank

• restrictive

• special

Which type of check endorsement would consist of an individual's signature only.

• blank

• restrictive

• special/full

When writing a check, it is a good idea to use

• pencil

• erasable pen

• blue or black ink pen

• red pen

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Outstanding checks are checks written by the account owner but have yet to be processed by the bank.

• True

• False

When it comes to saving money, what is a good rule of thumb?

• Keep most of your savings in your checking account

• Put aside money for savings each month

• Choose the savings account with the lowest interest rate

• Put anything you can't afford on your credit card

What is one difference between Banks and Credit Unions?

• Banks have Checking accounts and Credit Unions have Savings Accounts

• Banks are for profit. Credit Unions are Not-For-Profit.

• Banks can give loans and Credit Unions cannot

• Credit Unions allow everyone to join and Banks are selective

What is the amount of money required to be in an account?

• Maximum Balance

• Minimum Balance

• Minimum Deposit

• Maximum Deposit

You should keep your pin number in your wallet.

• True
• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is the name of a legal document that functions like cash?

• Check
• ATM
• Deposit slip
• PIN