banking

What is wrong with this check?

• Name is incomplete

• Check amount is not written out

• Signature issues

• Date issues

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• over spending fee

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.
This will result in which of the following fees?

• overdraft fees
• service fees
• atm fees
• None of the above

Jean Bernard, who has a checking account at Treasure Trove Bank, is writing a check to Frank Walton, who has a checking account at Mucho Dinero Bank. What should be written on the "Pay to the order of" line of the check?

• Frank Walton
• Jean Bernhard
• Mucho Dinero
• Treasure Trove Bank

You earn _______________ by saving money in a savings account.

• money

• interest

• liquidity

• overdraft fees

Gary deposits $1000 in a Deposit Savings account that earns 1.5% simple interest each year. He makes no other deposits or withdrawls. How much money is in the account at the end of the year?

• 1000

• 1015

• 1050

• 1500

You are checking out at Target and use your debit card to pay for your items. Where does the money for this purchase come from?

• It is deducted directly from your savings account

• It is deducted directly from your checking account

• Your credit card company provides you with a cash advance to cover the cost

• It is deducted directly from your credit card account

Type of check endorsement that is "for deposit only".

• Special Endorsement

• Blank Endorsement

• Restrictive Endorsement

• Negative Endorsement

The FDIC insures bank accounts against bank failures up to the sum of

• $0

• $250,000

• $100,000

• $1,000,000