Unit 1 Checking Review

Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy
+6
Standards-aligned
Jessika Cuhel
Used 93+ times
FREE Resource
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the definition of WITHDRAW?
Leave money in bank account
Take money out of bank account
Add money to bank account
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the definition of DEPOSIT?
Leave money in bank account
Take money out of bank account
Add money to bank account
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Venmo is an example of a _________
A bank
A budgeting app
A Person-2-Person payment app
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following is NOT a method of depositing money into a checking account?
Through an ATM
Direct deposit from your employer
Sending your money to the branch through the mail
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following best describes what FDIC Insurance is?
A government backed policy that protects your money if a bank fails
A bank program that protects you from high overdraft fees
Additional accounts offered by banks to save for car and home insurance
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following is a similarity between debit cards and prepaid cards?
Both are linked to a bank
Both are limited by the amount of money that you currently have
Both require a credit check to use
Tags
CCSS.L.6.5B
CCSS.L.8.5B
CCSS.W.11-12.2D
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the largest frequently charged fee on checking accounts?
ATM Fees
Overdraft Fees
Monthly Maintenance Fees
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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