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PF: Chapter 8 Lesson 4 Responsible Banking

Authored by Steve Wills

Business

11th Grade

Used 1+ times

PF: Chapter 8 Lesson 4 Responsible Banking
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most frequent and costly banking mistake?

Misplacing your debit card

Using an outdated checkbook

Forgetting your PIN

Overdrawing your account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Dave Ramsey, where do people spend their money?

On things most meaningful to their heart

On charity

On unnecessary items

On investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended way to track the activity in your checking account?

Using a budgeting app

Using a pencil-and-paper method

Using a checkbook register

Using a bank app

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are ACH electronic payments commonly used for?

Paying bills online and making bank-to-bank transfers

Withdrawing cash from an ATM

Making online purchases

Depositing checks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to track your spending?

To keep track of your favorite stores

To avoid overdrawing your checking account

To earn rewards points

To impress others with your purchases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long can some deposits take to show up in your checking account?

Up to one month

Immediately

Up to one week

Up to three business days

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of verifying your bank's online account statements called?

Transferring funds

Depositing or withdrawing money

Balancing or reconciling your account

Opening a new account

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