What is an account balance?

Checking and savings accounts

Quiz
•
Special Education
•
9th - 12th Grade
•
Easy
Sandy Reece
Used 4+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you have in an account.
The fees you must pay to have an account.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wes wants to accumulate enough money to buy himself a new car. He should probably open a:
checking account
savings account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a credit card and a debit card?
A debit card can only be used at an ATM. Credit cards can only be used in stores or on-line.
A debit card takes money directly from your banking account; while using a credit card is a form of borrowing.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All transactions should be recorded in your bank register. True or False
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A checking account . . . . (choose 3)
allows you to withdraw money, pay a bill, or make purchases easily.
has a limit on how many times you can withdraw money.
allows quick access to money for everyday expenses.
allows you easy access to your money through a debit card, atm, or checks.
earns interest on the money you deposit into the account.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A savings account . . . . (choose 2)
allows you to withdraw money, pay a bill, or make purchases easily.
has a limit on how many times you can withdraw money.
allows quick access to money for everyday expenses.
allows you easy access to your money through a debit card, atm, or checks.
earns interest on the money you deposit into the account.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you make a deposit into your account you . . . .
add the amount of the deposit to your account balance.
subtract the amount of the deposit from your account balance.
do nothing to your account balance.
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