Checking Test

1. What is another way to say you acquired something by paying for it?

• Budget

• 1. Purchase

• 1. Register

• 1. Stock

1. What is a document, usually part of the general ledger, used to record financial transactions?

• 1. Check Register

• 1. Purchase

• 1. Contract

• 1. Consumer

1. What is another word for a financial application that allows you to store funds, make transactions, and track payment histories on devices like phones and tablets? 

• 1. Video Games

• 1. Advertisements

• 1. Digital Marketing 

• 1. Digital Wallets

1. Who is a person who purchases goods and services for personal use?

• 1. Communist

• Creditor

• 1. Consumer 

• 1. Banker

1. What is it called when money is sent between a consumer in one location to a recipient in another location?

• 1. Money Transfer

• 1. Credit Union

• 1. Check Register

• 1. Transaction

1. What word describes an instance of buying or selling something?

• 1. Reenactment

• Statement

• 1. Transaction

• 1. Check

1. What is a financial institution that accepts deposits from the public while simultaneously making loans?

• 1. Bank

• 1. U.S. Post Office

• 1. Local Government

• 1. Pet Store

1. What is a type of facility that offers financial services similar to commercial banks such as share accounts, credit cards, credit, and online banking?

• 1. Labor Unions

• 1. Check Cashing Stores

• 1. Credit Unions

• 1. Check Register

1. What is a sum of money placed or kept in a bank account, usually to gain interest?

• Deposit

• 1. Withdrawal

• 1. Overdraft 

• 1. Late Fee

1.  What is another word for the act of taking money out of an account?

• 1. Deposit

• 1. Withdrawal

• 1. Overdraft

• 1. Late Fee