Mr. O'Hara - Fin Lit - Banking

Which is NOT a reason why people use banks?

• Security

• Convienence

• Safety

• Health

What are the two main types of personal bank accounts?

• Cashing and Savings

• Investment and Checking

• Checking and Savings

• Credit and Debit

What is the term for the amount of money in someones account?

• Balance

• Debt

• Deposit

• Withdrawal

If a bank accidentally deposits money into your account it is now your money.

• True

• False

This is a transactional account with a bank that allows you to withdraw and deposit funds

• Credit Union

• Checking Account

• Individual Retirement Account

• Savings Account

A credit card is linked directly to the users checking account

• True

• False

Which of the below is NOT a common bank fee

• Out of Network ATM fee

• Direct Deposit fee

• Monthly maintenance fee

• Overdraft fee

What did Mr. O'Hara want to be when he was 8 years old?

• Construction worker

• Teacher

• Stunt man

• Lawyer

which option below is NOT a part of a check

• Memo line

• Payee line

• Routing number

• Credit note

This document is a summary of account activity across a certain period of time

• Checkbook

• Bank statement

• Passport

• Deposit slip