Consumer Math Unit 2

Another name for bills is coins

• true

• false

Bills and coins are considered cash.

• true

• false

Coins can have different monetary value

• true

• false

The exact amount of cents is rounded to the nearest hundred

• true

• false

A joint checking account must have three people sign checks.

• true

• false

The state of California charges a 2% sales tax on consumer purchases.

• true

• false

If you withdraw funds your total increases.

• true

• false

If you deposit your payroll check, you may not receive any cash back

• true

• false

To endorse a check you must sign your name exactly as written on the check.

• true

• false

Money orders may not be purchased in banks.

• true

• false