Another word meaning to balance your checking account.

Choosing and Balancing a Checking Account

Quiz
•
Business, Life Skills, Education
•
9th - 12th Grade
•
Hard
Mac Leyman
Used 18+ times
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Equalize
Debit
Reconcile
Rebalance
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cleared checks:
Should be used to notify the people you wrote the check to, since they haven't cashed the checks yet
Are automatically redeposited if the check image is lost
Must be destroyed so that they don't get cashed again
Are available as online images for you to refer to, or as reduced images sent with each monthly statement
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Electronic banking is also known as:
Web banking
Online banking
ATM banking
all of the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An ATM check card:
Is exactly the same as an ATM debit card
Can only be used to withdraw money that is in your account, not to overdraw your account
Can overdraw your account if you make a store purchase beyond your current account balance
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When writing a check:
Always print your signature
Sign on the line that says "Pay to the order of"
Spell out the dollars and cents on the long line that ends in "Dollars"
Spell out the dollars and cents in the short box next to the $ symbol
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Banks offer "points" or "rewards" because:
They have excess profits and want to distribute some of those profits to customers.
They like to make your life more fun
You will be more likely to switch to the bank offering "points" or "rewards" because you feel you are getting "something for nothing"
They want you to practice good saving habits
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Oh no! You bounced a check. You must pay _____________
, fill in the blank,
to the business you wrote the original check to.
Overdraft change
Interest
Twice the original amounts
Bank fees
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