
Banking Services Practice Quiz
Authored by Kristi Hiatt
Other
9th Grade
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A pawn shop offers loans to people starting their own business.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opening a checking account requires completing a signature card.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A blank endorsement allows anyone to cash a check.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debit card transactions are deducted from the cardholder's checking account.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An outstanding check refers to one written on an account with a very low balance.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The highest loan rates usually occur when borrowing from a...
bank
credit-card company
pawn shop
credit union
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Obtaining cash from an ATM is similar to...
writing a check
making a deposit
opening a new account
earning interest on your account
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