
Unit 2 - Test Review
Authored by Jennifer Bozzelli
Business
9th Grade
Used 1+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money placed in a checking account called?
Investment deposit
Checking deposit
Special Deposit
Demand Deposit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ endorsement includes the words "FOR DEPOSIT ONLY".
Full
Restrictive
Blank
Special
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ is a request that a bank or other financial institution NOT cash a particular check.
Point-of-sale transaction
Certificate of Deposit
Stop-payment Order
Rate of return
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To earn high interest rates on a certificate of deposit, you must accept all the following limitations EXCEPT:
leaving money in for the term of the deposit
paying a penalty when money is withdrawn early
completing a monthly bank reconciliation
depositing a minimum amount
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _____ accounts for the difference between a bank statement and a checkbook balance.
Certificate of Deposit
Endorsement
Bank Reconciliation
Money Market Account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Federal Deposit Insurance Corporation (FDIC) insures depositors against losing their money in case of a ______.
lost debit card
stolen paycheck
bank failure
death in family
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which kind of savings plan does the interest rate vary from month to month?
regular savings
money market
certificate of deposit
U.S. Savings Bonds
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