Unit 4 - Banking Services

Unit 4 - Banking Services

11th - 12th Grade

14 Qs

quiz-placeholder

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Unit 4 - Banking Services

Unit 4 - Banking Services

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

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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