Chapter 3 - Banking

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

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

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CCSS.RI.11-12.5

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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

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CCSS.RI.11-12.5

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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

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CCSS.RL.11-12.3

CCSS.RL.6.3

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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

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CCSS.RI.11-12.5

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Alex wrote a check to Maxine. Daniel noticed something wrong with the check. What could be the issue?

• Maxine's name is incomplete on the check

• The check amount is not written out

• There are signature issues on the check

• There are date issues on the check

Tags

CCSS.RI.11-12.7

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Lily went to a store to buy some groceries. She decided to pay with a bank issued card that deducts money directly from her checking account. What type of card is she using?

• debit card

• credit card

• savings account

• money market

Jackson is writing a check for the first time and he is confused. What should he write on line 6.

• the date

• the amount of the check

• who the check is going to

• your signature

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

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Hannah, Oliver, and Rohan are planning to save money for their future. They want to deposit their money in an account that will build Compound Interest. Which account should they choose?

• Saving Account

• Checking Account

• Check Register Account

• Casino Account

Emma, Abigail, and Charlotte went to a cafe. They decided to split the bill. Emma suggested using an account that allows them to withdraw money, pay the bill, or make purchases easily. Which account was she referring to?

• Checking Account

• Savings Account

• Market Money Account

• CD Account