Unit 4 - Banking Services

Quiz
•
Business
•
11th - 12th Grade
•
Medium
Jeremy Anderson
Used 1K+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fee for writing a check for more money than you have in your account.
APY
Maintenance Fee
Monthly Service Fee
Overdraft/NSF Fee
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When determining the amount of interest earned on a savings account, which of these compounding time periods provide you the highest rate of return?
Daily
Weekly
Monthly
Annually
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a bank check you can order in case someone doesn't accept personal checks.
Certified Check
Cross Check
Cashier's Check
Coat Check
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of check endorsement that is "for deposit only".
Special Endorsement
Blank Endorsement
Restrictive Endorsement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Computer terminal that allows the withdrawal of cash and perform other banking transactions.
ATF
FDIC
IRS
ATM
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Plastic card that allows you to withdraw money or make payments from your bank account.
Debit Card
Credit Card
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of savings plan that requires a high minimum balance and pays variable interest rate.
Checking Account
Money Market
Debit Card
Regular Savings Account
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