Chapter 3 - Banking

Jackson, Lily, and Luna are at a bank. Jackson is teaching Lily how to use an ATM. He tells her that there is a personalized password that each customer must enter before making ATM transactions. What is the name for this password?

• EFT

• PWD

• PIN

• PRT

Maya, William, and James are at a bank. They are discussing what activities they can do using an ATM. Which of the following activities can they do?

• Withdraw or deposit money.

• See account balances.

• Make transfers between accounts.

• All of the above

Sophia just opened her first bank account and started maintaining a check register. After each entry she makes into the register, she calculates a new balance, which she calls a running balance.

• True

• False

Tags

CCSS.5.NBT.B.7

David wrote a check to Scarlett for an amount greater than what his bank account contains. What is this situation called?

• ATM

• Bank

• Bank Statement

• Bounced Check

Scarlett just received her birthday money from her grandparents. She wants to add this money to her checking account. This process is called a

• withdrawal

• deposit

• endorsement

• drawee

Emma, Abigail, and Priya went to a charity event. Emma donated a check worth $178.16 and Priya donated a check worth $36.00. Abigail, who was managing the event, gave Emma $20.00 as a token of appreciation. What is the total amount of donation made by Emma and Priya?

• $214.16

• $198.16

• $194.16

• $174.16

Tags

CCSS.6.NS.B.3

On Saturday morning, Sarah, Oliver, Aria, and Sophia went on a road trip. Sarah's checking account had a $762.35 balance. Later that day, she used her debit card to pay $14.80 for gasoline for their car and $56.94 for groceries for their picnic. She also transferred $500 from her savings account to her checking account using her bank's ATM to cover any additional expenses during the trip. What was the balance of her checking account at the end of the day?

• $1,190.61

• $1,055.92

• $262.35

• none of the choices

Tags

CCSS.7.NS.A.3

Samantha, Aria, and Ethan went on a trip. Samantha was in charge of the group's finances. She started with a balance of $3,245.88. During the trip, she debited for $58.90 for Aria's meals, $110.26 for Ethan's transportation, and $334.75 for their hotel room. She also received deposits from Aria and Ethan amounting to $685.00 and $220.15. What was Samantha's balance after all these transactions?

• $3,647.12

• $3,447.12

• $3,129.99

• none of the choices

Tags

CCSS.6.NS.B.3

Emma, Oliver, and Evelyn went to the bank. Emma wants to take money out of her account. This action is called?

• WITHDRAWAL

• DEPOSIT

• TRUST

• STEAL

Tags

CCSS.RL.11-12.3

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Isla is about to write a check for her monthly rent. She is unsure about the color of the ink to use. Is it true that she should can only use black or blue ink when writing a check?

• True

• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5