Checking Accounts

Reconciling your account is one way to make sure it will not be overdrawn. 

• True
• False

Forgetting to record an ATM transaction could lead to a(n) _________________________ of your account.

• credit
• overdraft
• debit

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The advantage of using your _________________________ is that you always know your account balance.

• phising
• deposit slips
• checkbook register

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

This is a written request to your bank to take money from your account & pay it to someone else.

• Check
• Telephone Call
• Text
• Email

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

This allows you to withdraw cash from your account or make payments electronically.

• Debit Card
• Loan Account
• Signature Card
• Payday card

The action enters money into an account.

• Deposit
• Withdrawal
• Loan
• Deduction

Tags

CCSS.7.NS.A.1B

This action removes money from an account, either at the bank or an ATM.

• Withdrawal
• Deposit
• Loan
• Credit

This transaction removes funds from your account.

• Debit
• Credit
• Loan
• Deposit

This action includes deposits or additions to your accounts.

• Credit
• Debit
• Loan
• Withdrawal

Tags

CCSS.7.NS.A.1A