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lesson 6 quiz: banking services

Authored by Mark Palmer

Life Skills

7th Grade

Used 2+ times

lesson 6 quiz: banking services
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9 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A pawn shop offers loans to people starting their own business.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Opening a checking account requires completing a signature card.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A blank endorsement allows anyone to cash a check.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Debit card transactions are deducted from the cardholder's checking account.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An outstanding check refers to one written on an account with a very low balance.

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The highest loan rates usually occur when borrowing from a:

bank

credit-card company

pawn shop

credit union

7.

DRAG AND DROP QUESTION

1 min • 1 pt

A ​ (a)   is used to add funds to a bank account.

deposit slip
check
signature card
withdrawal slip

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