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Understanding Checks and Banking Concepts

Authored by Jaime Hinsley

Business

8th Grade

DOK Level 2: Skill/Concept covered

Understanding Checks and Banking Concepts
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the size of a personal check?

5 by 3 inches

6 by 2.75 inches

7 by 2.5 inches

6 by 3 inches

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DOK Level 2: Skill/Concept

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a debit from your account?

Deposit

Direct Deposit

Check

Return of an item purchased

Tags

DOK Level 2: Skill/Concept

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does NSF stand for in banking terms?

Non-sufficient funds

New savings fund

National savings fund

Non-standard funds

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DOK Level 2: Skill/Concept

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a debit card?

Buy NOW, pay LATER

Money is borrowed

Interest is generally paid

Money is already in your bank account

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DOK Level 2: Skill/Concept

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an overdraft fee?

A fee charged for depositing money

A fee charged for not having enough funds to cover a transaction

A fee charged for using a credit card

A fee charged for withdrawing money from an ATM

Tags

DOK Level 2: Skill/Concept

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a credit to your account?

Withdrawal

ATM transaction

Direct Deposit

Check

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DOK Level 2: Skill/Concept

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a personal check represent in terms of a contract?

A promise to pay a specific amount

A request for a loan

A deposit of funds

A withdrawal of funds

Tags

DOK Level 2: Skill/Concept

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