Unit 4 Banking Review

Unit 4 Banking Review

12th Grade

15 Qs

quiz-placeholder

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Unit 4 Banking Review

Unit 4 Banking Review

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Rebecca James

Used 4+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an exchange rate?

how much bonds are worth when they're exchanged with cash

how much dollars are worth when they are exchanged with coins

how much a currency is worth when it's exchanged with another country's currency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of money in a bank account called?

Debit

Check Register

Account Total

Balance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which transaction method should a person choose if it is important to them to talk to a bank employee?

Direct Deposit

Online

Bank Branch

Funds Transfer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which feature is less important to consider when choosing a bank?

the types of accounts the bank offers

the financial services the bank offers

the number of employees at each bank branch

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which feature is typically not a feature of checking accounts?

ATM Transactions

A minimum balance

Interest

A debit card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of check endorsement includes text that states a person shouldn't be responsible if its funds are insufficient?

Blank endorsement

Restrictive Endorsement

Qualified Endorsement

Special Endorsement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an overdraft?

spending more money than you have in your account

not making deposits frequently enough

making purchases at too many different retailers

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