Banking Unit Test Study Guide

A money order is a _____________ set of funds

• Unsure

• Big

• Guaranteed

• Small

Turn 8.3% into a decimal 

• .83

• .0083

• .083

• 0.83

A bank statement is a set of transactions that you made on your account for a certain period. Savings & checking accounts included in the statement.

• True

• False

Your own personal record of your transactions on a checking or savings account.

• Notebook

• Register

• Checks

• Account

You wrote a check for $290 but only $200 in your account. What is this check called?

• Hot

• Wrong

• Broke

• Incorrect

What risk is there when you do not write a line after you write out your number amount on a check?

• Money

• Fraud

• Wrong

• Stealing Account Information

Can you report fraud on your account to your bank?

• Yes

• No

The writing on a check MUST be written in...

• Stamp

• Pencil

• Marker

• Pen

Which is the Central Bank of America?

• Bank OZK

• Bank of America

• Federal Reserve

• US Treasury

What is #3 written to called?

• Payee

• Person

• Account #

• Routing #