Unit 4 Test Review (Financial Math)

A ________ is a business that provides tools for managing money. Keeps money safe.

A _______________________ is an account that pays interest to the account holder but limits the number of withdrawals per month.

• savings account

• checking account

• certificate of deposit

An account that allows customers to deposit money and write checks or use debit cards from the account

• Checking Account

• Savings Account

• Mortgage

• Certificate of Deposit (CD)

A ___________ a document that authorizes a bank to transfer money to another person or entity.

True or False: A deposit is the act of putting money into a bank.

• True

• False

You ________ interest on a CD, while you ________ interest on a car loan.

• pay, earn

• earn, pay

• pay, pay more

• listen, pay

Check all the terms that mean money is coming out of your account.

• Withdraw

• Debit

• Credit

• Write a check

• Deposit

A service fee is when...

• the bank charges you money

• the bank pays you money

• doesn't let you have your money

• the bank send you a statement

According to this deposit slip, did Jane deposit or receive cash and how much was it?

• Deposited $60 cash

• Received $339.95 cash

• Received $60 cash

• Deposited $100 cash

What will be the ending balance for this page of check register?