Bank Quiz

The number in the top right corner of the check is called:

• Account number
• Check number
• Routing number
• Memo line

The number in the bottom right corner of the check is called:

• Account number
• Check number
• Routing number
• Memo line

The number in the bottom middle of the check is called:

• Account number
• Check number
• Routing number
• Memo line

What is a bank?

• a retail shop that primarily sells food

• a financial institution, which is a fancy way of

  saying a business that stores and manages money for

  individuals and other businesses.

• a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rate

• a financial institution that facilitates the buying and selling of house and buildings

All of the following are types of banks, except

• Central

• Brokerage

• Retail

• Commercial

Demand deposit account that can keep your money safe, and easily withdraw at any time is called?

• Savings Account

• Checking Account

• Money Market Account

• Retirement Account

Which of the following accounts has the highest amount of liquidity?

• 401(k)

• Checking

• CD

• IRA

What does the FDIC do?

• Pays you interest in your checking account

• Protects your money should the bank be robbed

• Loan you money based on your credit score

• Takes your money and doesn't give it back

Money added to a bank account is called?

• Tax

• Fee

• Withdraw

• Deposit

What type of card allows you to withdraw money you have in your bank account?

• Credit Card

• Debit Card

• Bank Card

• ID Card