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Fine Print: Checking Account Statement

Authored by Joseph D'Amelia

Mathematics

12th Grade

CCSS covered

Used 3+ times

Fine Print: Checking Account Statement
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How frequently does John typically receive account statements from his bank?

Daily

Weekly

Monthly

Annually

Tags

CCSS.5.OA.B.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did John Jones have in his account on the first day of the statement period?

-$72.47

$0.55

$694.81

$1,442.61

Tags

CCSS.7.NS.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John has two ATM transactions but only one of them has a fee (Interac). Why?

Interac is an out-of-network ATM and First Bank charges customers if they use out-of-network ATMs.

First Bank charges customers for using their ATMs.

Banks charge fees if you take out less than $100 at an ATM machine.

The first ATM transaction is free but all additional ATM transactions have a fee.

Tags

CCSS.6.NS.B.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid

$200.00, 3 weeks

$694.81, 2 weeks

$300.00, 1 month

$100.00, 2 weeks

Tags

CCSS.6.RP.A.3B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?

John's Savings account balance declined by $50 and his Checking account balance increased by $50

John's Savings account balance increased by $50 and his Checking account balance declined by $50

John's Savings account balance had no change and his Checking account balance declined by $50

John's Savings account balance increased by $50 and his Checking account balance had no change

Tags

CCSS.7.NS.A.1A

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is true regarding Check No. - 409?

This check likely came from John's employer.

This check was written by John and paid to another person or business.

This check caused John to overdraw his checking account.

This check added $100 to John's account.

Tags

CCSS.6.NS.C.7C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which transaction caused John to overdraw his account?

The Online Bill Payment for $146.67

Check No. 409 for $100

Check No. 410 for $710.49

The Overdraft Fee of $35

Tags

CCSS.7.NS.A.1C

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