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.11-12.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

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.11-12.5

CCSS.RI.11-12.3

CCSS.RI.9-10.5

CCSS.RI.9-10.3

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.2B

CCSS.7.NS.A.2A

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.11-12.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

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.11-12.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3