Bank Statement Quiz

How can you receive a bank statement?

• Online is the only option

• By mail is the only option

• Online & by mail are options

• You must go to the bank and request a statement.

How long should you keep bank statements for tax purposes?

• Ten years

• Nine years

• Eight years

• Seven years

How long should you keep bank statements for tax preparation?

• 1 year

• 3 years

• 5 years

• 7 years

How can reviewing your bank statement help you manage your money more effectively?

• By identifying unnecessary expenses

• By increasing your income

• By reducing your savings

• By avoiding all expenses

How can you ensure that your bank statement is accurate?

• By regularly reviewing transactions

• By ignoring small discrepancies

• By only checking the balance

• By relying solely on bank notifications

What is the purpose of regularly reviewing your bank statement?

• Track spending habits

• Identify Fraudulent Activity

• Help create a budget

• Determine investment opportunities

What is a bank statement?

• Document that shows all financial transactions for an account for the month

• Tool used to track spending habits and identify fraudulent activity

• Document that contains account balance and contact information.

• Document that displays your social security number and credit score.