Checking Account

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

Shannon makes a deposit in her checking account. She has checks for $178.16 and $36.00. She gets back $20.00 in cash.
What is her total deposit?

• $214.16
• $198.16
• $194.16
• $234.16

To put money $$ in the bank, is called:

• WITHDRAWAL
• DEPOSIT
• INVEST
• WRITE A CHECK

To take money OUT of your account, is called:

• WITHDRAWAL
• DEPOSIT
• TRUST
• STEAL

Always use permanent ink when writing a check.

• True

• False

Writing the dollar amount in both numbers and words makes your check more secure.

• True

• False

What is the correct spelling?

• forty

• fourty

• fortie

• fourtie

What is the correct spelling?

• ninty

• nintey

• ninetey

• ninety

$21.50 + $3.55

• $21.85

• $25.05

• $23.45

• $24.45