Banking

When writing a check, it is a good idea to use

• pencil

• erasable pen

• blue or black ink pen

• red pen

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Another name for an overdraft fee is non-sufficient funds.

• true

• false

The only time you need to sign a deposit slip is when you are getting cash back after a deposit.

• True

• False

Which of the following insures checking accounts at both a bank and a credit union? (you must choose more than one) HINT: there are two correct answers

• NCUA

• FDIC

• FTIC

• NAACP

What is one difference between Banks and Credit Unions?

• Banks have Checking accounts and Credit Unions have Savings Accounts
• Banks are for profit.  Credit Unions are Non-profit.
• Banks can give loans and Credit Unions cannot
• Credit Unions allow everyone to join and Banks are selective

If you make an error on a check, what should you do?

• Void the check and write a new one
• Make corrections and initial the change
• Use whiteout to fix the error
• Throw the check away and write a new one

When getting a loan for a car, the ____ is an additional fee you will have to pay back.

• Fixed Expense
• Discretionary Expense
• Inflation
• Interest

Tags

CCSS.7.RP.A.3

When I use my debit card at the store, the money is automatically taken out of my ______ account.

• Savings
• Checking
• Inflation
• Withdraw

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Putting money into the bank is called a...

• deposit

• loan

• interest

• withdrawal

Tags

CCSS.4.MD.B.4

Taking money out of an account is called a...

• deposit

• loan

• interest

• withdrawal