Checking vs Savings Account

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

Tags

CCSS.6.NS.C.5

To take money OUT of your account, is called:

• WITHDRAWAL
• DEPOSIT
• TRUST
• STEAL

Tags

CCSS.4.MD.A.2

What is wrong with this check?

• Name is incomplete

• Check amount is not written out

• Signature issues

• Date issues

Tags

CCSS.4.MD.A.2

The balance in your account is $500.  You then deposit $23 into your account.  What is your new balance?

• $500
• $477
• $523
• $23

Tags

CCSS.5.NBT.B.7

The bank issued card that deducts money directly from the checking account is

• debit card
• credit card
• savings account
• money market

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.7.3

CCSS.RI.8.3

CCSS.RI.6.3

You earn _______________ by saving money in a savings account.

• money

• interest

• awards

• trophies

Tags

CCSS.7.RP.A.2D

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

• Interest
• Bill
• Principal
• Credit

Tags

CCSS.5.NF.B.5B

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

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

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

Tags

CCSS.6.NS.C.5