Banking and Checking Test Review

Banking and Checking Test Review

10th Grade

28 Qs

quiz-placeholder

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Banking and Checking Test Review

Banking and Checking Test Review

Assessment

Quiz

Business

10th Grade

Practice Problem

Easy

Created by

ANNE FRENETTE

Used 6+ times

FREE Resource

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

When you use a debit card, you give your bank permission to immediately remove money from your checking account.

True

False

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

It is in your best interest to use ATMs at your own institution to avoid fees.

True

False

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

All checking accounts are interest bearing.

True

False

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You may choose to have a depository institution cover your transaction if you don’t have sufficient funds in your account.

True

False

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

All depository institutions are required by law to charge the same fees.

True

False

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

One person can open accounts at more than one depository institution.

True

False

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Money can be withdrawn at any time from a checking account.

True

False

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