
Unit 2 Vocab Test
Authored by Darrius Brockington
Business
12th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A popular savings rule of thumb in which 50% of your income goes
towards necessities, 20% goes towards saving and debt repayment, and
30% goes towards flexible spending
none of thee above
25-25-25
50-20-30
30-20-50
2.
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.
TRANSFER
ATM
CASH REGISTER
DEPOSITE SLIP
3.
FILL IN THE BLANK QUESTION
1 min • 5 pts
Balance is
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A monthly document prepared by your financial institution which
shows all of the transactions related to your account is a Bank Statement
True
False
5.
FILL IN THE BLANK QUESTION
1 min • 5 pts
What does CD stand for?
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A check is a written, dated, and signed order to the bank that tells it to pay a
definite sum of money to a payee
false
true
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Check Register is A record that allows you to keep track of checks you have written,
ATM/debit card transactions, as well as deposits and withdrawals
false
true
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