Banking

If you have $1,000, you should deposit it in a checking account that pays interest.

• True
• False

A savings account not only keeps your money safe but also adds to it by paying

• taxes
• interest

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

• phising
• deposit slips
• checkbook register

This account allows you to deposit money at a bank for safekeeping.

• Saving Account
• Checking Account
• Bill Account
• Casino Account

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

This action allows movement of funds from one account to another.

• Transfer
• Debit
• Credit
• Loan

What do you need to withdraw cash from an ATM?

• Pin Number
• Debit Card
• Cash in your Account
• All of the Above

A bank account that allows you to deposit/withdraw money at any time and earns interest is a

• money market fund

• money market deposit account

• regular savings account

• certificate of deposit

Interest earned on both the principal and any interest earned on the principal.

• Rate of return

• Compound interest

• Simple interest

• Principal earnings