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Banking Basics

Authored by Theresa McElrath

Mathematics

11th Grade

CCSS covered

Used 124+ times

Banking Basics
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Payee?

The person who receives pays the money

The person who receives the money

The signature on an account

The process of moving money electronically

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by the term "Drawer" ?

The person who owns the account. Money is 'drawn' from their account. The person who writes the check

The person who receives the money

Something you put your socks in.

A document that allows the deposit of money

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Insufficient funds are....

A type of fund raising for people without money

Process of borrowing money to your account

The payee doesn't have enought money in their account

You do not have enough money in your account to pay for something

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

30 sec • 1 pt

What is Interest?



Something someone shows attention to

When there is not enought money in the account

A prcentage a bank will pay in order to 'borrow' the account holders money.

The opposite of being bored

Tags

CCSS.6.RP.A.3C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A (PIN) is....

A government ID given to you when born

Something that holds things together

Personal and individual number for credit cards

Personal identification number. Usuallly 4 digits

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Electronic funds transfer (EFT) is...

The legal signature allowing the funds to be deposited

Process of moving funds electronically from an account to the check holder

When there is not enough money in an account to cover the check

The use of an ATN machine

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Single account is....

Process of moving a single person's money

Process of moving a married person's money

An account with only one digit

Only one person has access to this account

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