QUIZ Personal Finance Loris

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 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

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

The number of a checking account is also known as the:

• Pin Number
• Social Security Number
• Routing number
• Account Number

The number in the bottom middle of the check is called:

• Account number
• Check number
• Routing number
• Memo line

The number in the bottom left corner of the check is called:

• Account number
• Check number
• Routing number
• Memo line

What is one advantage of having a credit card?

• It prevents you from spending more than you earn.
• It allows you to make purchases without carrying lots of cash.
• It encourages you to budget your money wisely.
• It helps you pay off debts that you may have.