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Unit 1 Checking Review

Authored by Jessika Cuhel

Mathematics

9th - 12th Grade

CCSS covered

Used 96+ times

Unit 1 Checking Review
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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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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