Personal Information and Banking Test 6B

Which action is required when depositing money into an account?

• include your account number

• list your income

• swipe your credit card

• sign your deposit ticket

What is the purpose of a paycheck?

• to show proof of income

• to be sure you have money

• to keep track of your withdrawals

• to give you money in exchange for work

Where do you endorse a paycheck?

• on the back

• in the memo section

• in the money tracker

• after "Pay to the Order of"

What happens when you have insufficient funds in your bank account?

• required withdrawal

• record transaction

• high fee

• electronic payment

Which is a responsible action to make with your money?

• spend it

• track it

• give it all away

• barter it

Which right does the U.S. Constitution protect?

• right to keep private property

• right to be responsible

• right to a bank account

• right to endorse your paycheck

What does a savings account allow you to do?

• use a money tracker

• have money on hand for unexpected expenses or emergencies

• get money out of the bank

• have more spending money now

Which option lists financial institutions?

• a. banks and credit unions

• b. libraries and schools

• c. clothing and food shops

• d. credits and debits

Which services is a bank likely to offer?

• a. balance and net deposit

• b. savings and checking accounts

• c. advertising and Web searches

• d. time management

3. What is private property?

• a. property that the government owns

• b. property that is free

• c. property that no one can see

• d. property that you own