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15 Qs

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Assessment

Quiz

Practice Problem

Hard

Created by

Cheryl Irvin

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15 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Gwen had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited.
This will result in which of the following fees?

overdraft fees
service fees
atm fees
None of the above

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Sherwood Bennett, who has a checking account at Big Bucks Bank, is writing a check to Cassie Porter, who has a checking account at Lots a Loot Bank.
What should be written on the "Pay to the order of" line of the check?

Big Bucks Bank
Cassie Porter
Lots a Loot Bank
Sherwood Bennett

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

June Russell, who has a checking account at Gravy Train Bank, is writing a check to Stanley Lawrence, who has a checking account at Chunk a Change Bank. What should be written on the "Pay to the order of" line of the check?

Chunk a Change Bank
Gravy Train Bank
June Russell
Stanley Lawrence

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

$1620.38
$1510.06
$1485.06
$787.10

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