Business- Checkbook/Banking

Money is withdrawn directly from a checking or savings account.

• Debit Card

• Credit Card

• Both

Each purchase is a loan that is repaid later.

• Debit Card

• Credit Card

• Both

A PIN (Personal Identification Number) is required to make a purchase.

• Debit Card

• Credit Card

• Both

If the card is lost or stolen, report it immediately.

• Debit Card

• Credit Card

• Both

May cause unnecessary debt

• Debit Card

• Credit Card

• Both

Online banking is an electronic way to view account activity and pay bills via the internet and an institution's website.

• True

• False

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

• True

• False

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

What was the balance of the account at the end of the day on 7/24?

• 4720.33
• 4320.03
• 5091.15
• 4500.75

On which day was the balance the highest?

• 7/7
• 7/15
• 7/19
• 7/20