Chapter 2 Checking Account Vocabulary

Chapter 2 Checking Account Vocabulary

10th Grade

15 Qs

quiz-placeholder

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Chapter 2 Checking Account Vocabulary

Chapter 2 Checking Account Vocabulary

Assessment

Quiz

Mathematics

10th Grade

Practice Problem

Hard

CCSS
RI.9-10.4, L.5.5C, RI.11-12.4

+2

Standards-aligned

Created by

Stephanie Hogan

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term 'Checks'.

A method of payment

A type of clothing pattern

A form of examination

A type of chess move

Tags

CCSS.L.5.5C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term 'Checking account'.

A type of bank account that allows easy access to funds.

A long-term savings account with fixed interest.

An investment account for buying stocks.

A retirement savings account.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand Deposits are defined as:

Deposits that can be withdrawn without any prior notice

Deposits that require a fixed term before withdrawal

Deposits that earn a fixed interest rate

Deposits that are used for long-term investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 'Low-balance account' is defined as:

An account with a balance below a certain threshold

An account with a high interest rate

An account with no transaction fees

An account that requires a minimum deposit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term 'Average balance account'.

An account that calculates the average balance over a specific period.

An account that only holds a fixed amount of money.

An account used for daily transactions.

An account that does not earn any interest.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is defined as:

The cost of borrowing money

A type of investment

A financial institution

A method of saving money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term 'Blank endorsement'.

A signature by the payee on the back of a negotiable instrument

A type of endorsement that restricts further transfer

An endorsement that specifies no conditions

A signature that invalidates the instrument

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