Choosing and Balancing a Checking Account

Choosing and Balancing a Checking Account

Assessment

Quiz

Business, Life Skills, Education

9th - 12th Grade

Hard

Created by

Mac Leyman

Used 18+ times

FREE Resource

Student preview

quiz-placeholder

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Another word meaning to balance your checking account.

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?