
Checking and Banking Q1
Authored by William Shreve
Social Studies
9th - 12th Grade
Used 12+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you take money out of checking account it is called
a deposit
a deferral
a within
a withdrawal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you put money into an account it is called a
a deposit
a deferral
a within
a withdrawal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are ways that you can deposit money into your account EXCEPT
through checks made out to you
by brining cash to your bank
by transferring money from a person to person payment service (Venmo, PayPal)
by overdrafting
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What makes checking accounts ideal for covering your everyday spending
Usually have very high interest rates
Usually have no transaction limits
Have brick and mortar stores in every city
Are commonly associated with banking fees
5.
OPEN ENDED QUESTION
3 mins • Ungraded
Explain how it is (usually) safer for you to keep your money at a bank than at home
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Regarding advantages of banking: Your transactions are automatically accounted for with your bank statement, payments are tracked, and suspicious activity can be pinpointed to the exact location that it occurs. We refer to this advantage as
A paper trail
Bill paying is a breeze
No transaction limits
Better than digital wallets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having a checking account gives you all of the following advantages EXCEPT
Your money held in the bank is protected
Getting cash from an ATM
high interest rates
Bill paying made easier
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