Pre-Test Checking Account

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

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

This is the cost of using some other person's or bank's money.

• Interest
• Bill
• Principal
• Credit

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

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

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

• Check
• Telephone Call
• Text
• Email

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

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

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

This action removes money from an account, either at the bank or an ATM.

• Withdrawal
• Deposit
• Loan
• Credit

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

• Transfer
• Debit
• Credit
• Loan

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• over spending fee

People are more likely to remain steady customers over a lifetime if they start accounts with a banking or finance institution when they are young.

• True

• False