Unit 3 - Checking and Savings Account Basics

This account allows you to deposit money at a bank for safekeeping.

• Saving Account
• Checking Account
• Bill Account
• Casino Account

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

This is a written request to your bank to take money from your account & pay it to someone else.

• Check
• Telephone Call
• Text
• Email

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

This allows you to withdraw cash from your account or make payments electronically.

• Debit Card
• Loan Account
• Signature Card
• Payday card

Tags

CCSS.7.NS.A.2A

CCSS.7.NS.A.2B

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

Tags

CCSS.7.NS.A.1B

This transaction removes funds from your account.

• Debit
• Credit
• Loan
• Deposit

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

This action includes deposits or additions to your accounts.

• Credit
• Debit
• Loan
• Withdrawal

Tags

CCSS.7.NS.A.1A

This action allows movement of funds from one account to another.

• Transfer
• Debit
• Credit
• Loan

Tags

CCSS.7.NS.A.1A

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

Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?

• Big Bucks Bank
• Cassie Porter
• Lots a Loot Bank
• Sherwood Bennett

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5