Banking TEST Review #2

Draw your full signature.

How much has this person overdrafted?

(a)  

Which would somebody use to withdraw money from a checking account?

• stored-value card
• debit card
• credit card
• gift card

What is the government agency that provides insurance on bank deposits?

• FDIC

• Federal Reserve

• ATM

• Federal Trade Comission

What is a typical insufficient funds fee?

• $10

• $30

• $50

• $100

A debit card has a line of credit.

• True

• False

Pat has a savings account and a car loan from a not-for-profit financial institution owned by its members. She is probably a member of what type of financial institution?

• Savings and Loan association

• Commercial Bank

• Credit Union

• Investment club

The FDIC insures bank accounts up to a maximum of:

• $100,000

• $125,000

• $200,000

• $250,000

Patty is selling her car through a newspaper advertisement. When she finds a buyer, she wants a form of payment which is guaranteed to be good. Which form of payment should she avoid?

• Cash

• A check

The customer account number is the first set of numbers across the bottom left corner of a check.

• True

• False