Checking Account Quiz

What is limited in money market accounts?

• Deposit frequency.

• Check writing privileges.

• Withdrawal amount.

• Interest rate changes.

What does the nine-digit number on a check represent?

• The check number

• The account number

• The routing number

• The amount in dollars

What is the total deposit/credit amount on 2/22?

• $500.00

• $250.00

• $130.52

• $32.19

What is the payment/debit amount for Jill’s Fashions on 2/23?

• $32.19

• $50.00

• $130.52

• $250.00

What is the easiest way to detect errors in your account?

• Using your account statement

• Calling customer service

• Visiting the bank in person

• Checking online reviews

What is the previous balance shown in the statement?

• 230.22

• 680.22

• 550.02

• 800.02

What does depositing money mean?

• Withdrawing money from your bank account

• Adding money to your bank account

• Transferring money to another person

• Spending money on purchases

Why might someone need to physically deposit cash?

• Cash cannot be deposited electronically

• Cash is not accepted by banks

• Cash deposits are illegal

• Cash deposits are unnecessary

What must be done with cash received on a deposit slip?

• It must be ignored.

• It must be added to the total deposit.

• It must be subtracted from the total deposit.

• It must be doubled.

What is typically included with a pre-printed deposit slip when opening an account?

• A loan application

• A check register

• A credit card

• A savings bond