TEST (Banking Services )

An overdraft fee is a fee for _____.

• writing more than 5 checks a month

• using a debit card at another bank's ATM

• withdrawing more money from an account than is actually there

• using a debit card as a credit card for a purchase

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

In banking, what does ATM stand for?

• Automatic To Money
• At The Moment
• Asynchronous Transfer Mode
• Automated Teller Machine

When your check clears the bank, it has...

• been processed and the money transferred out of your account
• been inspected  and determined to be free of forgery
• been guaranteed for payment by federal deposit insurance
• is eligible to be cashed at a credit union

A direct deposit...

• cannot be paid by credit unions
• cannont be expressed as a percentage 
• is another name for compound interest
• goes to your account without using a check

The current amount of money in your bank account is called the...

• registered amount
• balance
• deposited amount
• statement

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What must be on a check?

• Your signature
• The current date
• The amount of money
• All of the above

True or False: You can withdraw money from an ATM at any time.

• True
• False

A(n) ____________ is a fee a bank charges you for having an account.

• service charge
• debit
• overdraft fee
• credit

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Tags

CCSS.7.NS.A.3

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.NS.A.3