Quiz #6 Checkbooks & Checking Accounts

A written request to your bank to take money from your account & pay it to someone else.

• Check

• Telephone Call

• Text

• Email

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account

• Savings Account

• Market Money Account

• CD Account

This account allows you to deposit money at a bank for safekeeping while the money earns interest.

• Saving Account

• Lunch Account

• Bill Account

• Casino Account

This type of transaction places money into an account.

• Deposit

• Withdrawal

• Loan

• Deduction

This transaction removes money from an account, either at the bank or an ATM.

• Withdrawal

• Deposit

• Loan

• Credit

This transaction allows movement of funds from one account to another, like from a savings account to a checking account.

• Transfer

• Check

• Credit Card

• Loan

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 purchase, and deposited a check written to him for $71.17. Find Vance's current balance.

• $1620.38

• $1510.06

• $1485.06

• $787.10

What is another name for the total in your checking account?

• deposit

• void

• withdrawal

• balance

Tags

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.5.3

I wrote HEB a check for groceries. When they cash my check, the balance in my checking account will:

• increase

• decrease

• stay the same

It's okay to only write the money amount in numbers. You don't have to write it in words too.

• True

• False

Tags

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5