Checking accounts

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just cashed.

This will result in which of the following fees?

• overdraft fees

• stop check fee

• ATM fee

• It will depend on Orrin's overdraft plan.

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just cashed.

This will result in which of the following fees?

• overdraft fee

• stop payment fee

• ATM fee

• None of the above

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 considered a debit?

• Online Bill Payment
• Check Cashed
• Interest Earned
• ATM Withdrawal

Tags

CCSS.6.NS.C.7C

the most common financial institution; provides a variety of financial services; for profit

• depository

• savings and loan

• bank

• credit union

a user-owned, not-for-profit, cooperative financial institution

• depository

• savings and loan

• bank

• credit union

report on the status of a bank account

• bank statement

• check register

• bank summary

• bank declaration

a separate book, usually the same size as a checkbook, for recording account activities

• transaction book

• bank statement

• check register

• check file

bank issued card used for ATM (and other) transactions

• credit card

• debit card

• gift card

• purchase card

bringing your record of your checking account and the bank’s record into agreement

• organizing

• assessing

• matching

• reconciling