Banking Accounts and Services

A pawnshop offers loans to people starting their own business.

• TRUE

• FALSE

Opening a checking account requires completing a signature card.

• TRUE

• FALSE

A blank endorsement allows anyone to cash a check.

• TRUE

• FALSE

A “smart card” stores a person’s bank balance right on the plastic card.

• TRUE

• FALSE

An outstanding check refers to one written on an account with a very low balance.

• TRUE

• FALSE

The highest loan rates usually occur when borrowing from a:

• Bank

• Credit Card Company

• Pawnshop

• Credit Union

A _______ is used to add funds to a bank account.

• Check

• Deposit Slip

• Signature Card

• Withdraw Slip

Obtaining cash from an ATM is similar to:

• Writing a Check

• Making a Deposit

• Opening a new account

• Earning interest on your account

A service charge on your bank statement will result in:

• A Higher Balance

• A Lower Balance

• Earning More Interest

• More Outstanding Checks