Banking Quiz

What does ATM stand for?

• Automated Transaction Machine

• Automatic Teller Machine

• Account Transfer Machine

• Automated Teller Management

What is a check?

• A digital payment method

• A written, dated, and signed order to the bank to pay a definite sum of money

• A type of credit card

• A receipt for a purchase

What is a check cashing store?

• A bank branch

• A business that cashes checks for a fee

• A place to deposit checks

• A store that sells checks

What is a check register?

• A list of all your bank accounts

• A record of checks written, ATM/debit transactions, deposits, and withdrawals

• A summary of your credit score

• A receipt for a single transaction

What does the term 'balance' refer to in banking?

• The amount of money you owe

• The amount of money you have in your bank account

• The total of all your loans

• The interest rate on your savings

What is an automatic electronic deposit of net pay to an employee's bank account called?

• Emergency Fund

• Endorse

• Direct Deposit

• Interest

What is the term for a fee charged to you for a loan or credit card?

• Inflation

• Interest

• Deposit

• Endorse

What is Online Bill Pay?

• A service for depositing checks

• A service for scheduling and making payments online

• A service for transferring funds to another person

• A service for checking account balances

What is an Overdraft Fee?

• A fee for exceeding the account balance

• A fee for maintaining a minimum balance

• A fee for using an ATM

• A fee for online transactions

What is Overdraft Coverage?

• A loan for purchasing a car

• A loan for withdrawing more funds than available

• A loan for buying a house

• A loan for starting a business