Personal Finance

The memo box on a check is optional.

• True

• False

A Demand Deposit Account

• Allows for funds to be removed with a check and does not require approval

• Does not allow for funds to be removed with a check

• Allows for funds to be removed with a check and does require approval

What are the 5 ways to access money in your checking account?

Which savings vehicle has the highest interest rate?

• Passbook Account

• Money Market Deposit Account

• Money Market Mutual Fund

• Certificate of Deposit

You can deposit money into your checking account by

• Going to the bank with an endorsed a check and deposit slip

• Going to an ATM with an endorsed check and deposit slip

• Transerfing money from another account

• All of the above

At the end of every month you a get a

A check will bounce if

• You have sufficient funds

• You have insufficient funds

The most common type of savings account is

• Passbook Account

• Money Market Deposit Account

• Money Market Mutual Fund

• Certificate of Depsoit