Financial Math Checking Acct (24/25)

Money added to a checking account is called a

• withdrawal

• deposit

• endorsement

• drawee

To take money OUT of your account, is called:

• WITHDRAWAL
• DEPOSIT
• TRUST
• STEAL

What do you need to withdraw cash from an ATM?

• Pin Number
• Debit Card
• Cash in your Account
• All of the Above

A password or identification number entered to use a debit card.

• ATM
• PIN 
• Date
• Verification Number

This type of account is opened by 2 or more people and both people have equal control over the account.

• Shared Account

• Combined Account

• Common Account

• Joint Account

Shannon makes a deposit in her checking account. She has checks for $178.16 and $36.00. She gets back $20.00 in cash.
What is her total deposit?

• $214.16
• $198.16
• $194.16
• $234.16

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Always use permanent ink when writing a check.

• True

• False

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

• Deposit

• Withdrawal

Katie goes to the bank. She takes money out of her account. Katie has made a

• Deposit

• Withdrawal