Checking

Checking

9th - 12th Grade

10 Qs

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Checking

Checking

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Jennifer Bieber

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.

FDIC Insurance

Check Cashing Store

ATM

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account

Check Cashing Store

FDIC Insurance

Bank Statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A bank statement is a monthly document prepared by your financial institution which shows all of the transactions related to your account

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The AMOUNT of money you have in your bank account

Balance

ATM

Deposit

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When you DEPOSIT money INTO your bank account you:

Take money out of your account

Put money into your account

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway

ATM Withdrawal Fee

Overdraft Fee

Maintenance Fee

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When you WITHDRAW money out of your account you:

Take money out of your account

Put money into your account

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